How will annuity reform affect QROPS?

Now that the Government has laid out its proposals for annuity reform we are beginning to see a clearer picture of what the future may hold for retirees. Years of industry lobbying against overly restrictive pension rules appear to be forcing a rethink. One argument for change is that inflexibility not only discourages pension saving, but it incentivises those who have built up funds to move them elsewhere to gain more freedom over investing or taking benefits. QROPS – qualifying recognised overseas pension schemes – have been in the spotlight as a way for wealthy ex-pats to escape th...