Research suggests advisers are shying away from transferring clients' pension assets into QROPS when they move abroad. Is their apparent reluctance justified, or is the market being unnecessarily overlooked?
The potential Qualifying Recognised Overseas Pension Scheme (QROPS) market amounts to £281bn – but so far only £6bn has been transferred from the UK by advisers. The independent research, commissioned by pensions provider London & Colonial (L&C), seems to suggest a reluctance among advisers to embrace QROPS. L&C product development manager Adam Wrench (pictured) said the figures point to advisers burying their heads in the sand. “Most IFAs have got clients that are resident overseas, there might only be a handful, and they are aware that they need to do something with these clien...
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