'A problem at the very top': Adviser campaigns for better overseas advice guidance

When is it safe to say the QROPS solution is the right solution?

Isabel Baxter
clock • 5 min read

A financial adviser has called for the Financial Conduct Authority (FCA) and Financial Ombudsman Service (FOS) to improve overseas guidance and has highlighted how ensuring a client is happily settled in the country of choice adds to the complexity of qualifying recognised overseas pension scheme (QROPS) transfers.

Speaking to PA, Montfort managing director Geraint Davies argued that there needs to be greater clarity around settled status, and when QROPS becomes a valid solution for a client. Davies has been in contact with Conservative MP for Godalming and Ash Jeremy Hunt's team to improve standards and disclaimers. A meeting between Davies and Hunt took place on 6 October. "We have been firing shots in different directions," Davies said. "QROPS are complex – what is even more complex is ensuring that the solution fits the situation." "The big question is suitability – when is it safe to say...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

Isabel Baxter
Author spotlight

Isabel Baxter

News editor at Professional Adviser

More on Pensions

Top recommended personal pensions and SIPPs in H1 2026

Top recommended personal pensions and SIPPs in H1 2026

Royal London and Aviva take top spots

Isabel Baxter
clock 12 August 2026 • 2 min read
DWP publishes updated roadmap for workplace pensions

DWP publishes updated roadmap for workplace pensions

Government sets out an updated plan to implement workplace pension reform

Jonathan Stapleton
clock 13 July 2026 • 2 min read
'Significant gap' found in HMRC's SIPP data

'Significant gap' found in HMRC's SIPP data

No data identifying SIPPs or junior SIPPs as distinct categories, Aberdeen Adviser FOI finds

Isabel Baxter
clock 01 July 2026 • 2 min read