“[The LGIA Qrops expert] is urging me to transfer it now before they reconsider their Qrops position around mid-April; it is only then I may not be able to accept the transfer.
“Hence the urgency. Can I say that you have not specifically referred me to any legal answers (legislation or T&Cs etc) that answers my recent questions. You have only done so via unsupported /unevidenced general commentary,” he said.
Mr L also believed at the time that as the Finance Bill had not been passed there is no legislation to put the new Qrops measure in place, a claim which was later thrown out by FOS which pointed out the Finance Bill stated the Qrops changes would come in to force on 9 March 2017.
The regulator noted it was common for tax changes announced in the UK budget to take effect before the legislation is passed.
