Guernsey-based QROPS specialist, Overseas Pension, is organising a number of information initiatives to help IFAs understand what the forthcoming changes to QROPS legislation mean for clients. The first will be conference call on 26 January.
Legislation set to be introduced on 6 April 2012 is likely to see a number of changes affecting the sale of QROPS and has led to criticisms of the QROPS industry due to the lack of clarity coming from providers, representative bodies and jurisdictional authorities. As a result, advisers are struggling to provide sound advice to clients who have an existing QROPS, are considering or are in the process of transferring their UK pension offshore, as well as those who live outside of the UK, but have opted to use a SIPP whilst they wait for the 5 year rule to pass David Higgins, technical ...
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