The FCA released its long awaited FCA Pension Transfer Consultation document on 21 June 2017 The FCA states “The FCA proposals aim to reflect the current environment and the increased demand …
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UCIS in QROPS or SIPPs
UCIS investments stand for Unregulated Collective Investment Schemes often sold within other products. For example, UCIS in QROPS or Sipps or overseas insurance bonds (aka investment bonds). In the UK, …
International Adviser Best Practice Adviser Award 2017
The Old Mutual International International Fund & Product awards revealed the International Adviser Best Practice Adviser Award 2017 results on 3rd May at the prestigious Four Seasons Hotel on Park Lane in …
Who should transfer their UK Pension?
The questions arising about who should transfer their UK pension from a final salary scheme is something we see daily in articles, blogs and adverts. I have recently heard of …
FATCA equivalent to HMRC QROPS CRS reporting rules?
Similarities between HMRC QROPS , CRS reporting rules and the US FATCA have been made by the head of TMF pensions , Aisa Group has also been raising the issue …
Ubiquitous 1% servicing fee on Expat Investments
Ubiquitous 1% servicing fee on Expat Investments Expat investments are becoming very much the subject, given the move towards transparency. Is being transparent enough for expat investments? Just because you …
QROPS Budget 2017
QROPS Budget 2017- Just announced on HMRC’s website “As announced at Spring Budget 2017, the government will legislate in Finance Bill 2017 to apply a 25% tax charge to pension …
Offshore Bonds in Pensions
Offshore bonds in pensions have been widely used by non-UK IFAs and we recently posted a blog about insurance bonds that discussed the responsibility of advice. Offshore Bonds As we …
Lifetime Allowance Charge at 75
The Lifetime Allowance charge is applied at certain Benefit Crystallisation Events, covered here , and understanding this is key to ensuring less tax is paid. The Lifetime Allowance charge actually affects …
Final Salary Pension to QROPS
Transferring a final salary pension to QROPS is generically recommended by many websites encouraging expats highlighting positive reasons to transfer. However, much of the information is either confused or selective …