QROPS transfers up 35% at deVere

Jenna Towler
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The number of pension transfers to qualifying recognised overseas pension schemes (QROPS) during 2012 was up 35% at deVere Group.

The firm said the uptick in transfers was partly down to government and Bank of England policies which are ‘constantly changing' and ‘plundering pension pots'. Nigel Green, chief executive, said: "More and more Britons who can move their pensions into a QROPS - in general terms that's those with a British pension and who have left the UK or are planning to - are doing so. Our QROPS business is up more than a third over a 12 month period. "We attribute this significant increase to the mounting public perception that the government, which people believe is constantly changing the rules ...

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