Rachael Griffin, head of product law and financial planning at Skandia International, explains what you need to know to advise on QROPS.
Retiring overseas and relocating permanently to warmer climes continues to be a popular choice for Brits who are seeking a lifestyle that the UK cannot meet. Advisers with clients who are considering the move to a foreign country should be able to answer questions around how best to organise finances pre and post-move. One of the key areas that needs to be considered – especially for those moving abroad permanently – is the suitability of moving a pension scheme outside of the UK and one solution may be a transfer into a Qualifying Registered Overseas Pension Scheme (QROPS). The co...
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