Pensions warning for international advisers

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International advisers who are advising UK resident clients on pensions are being warned to check they have the correct permissions in place.

The importance of ensuring that relevant pension permissions are in place for non-UK regulated advisers who are assisting UK-resident clients was explained at a recent Federation of European Independent Financial Adviser (FEIFA) Masterclass series which took place across Europe Brooklands Pensions said that many advisers in other EU countries believe that standard passporting into the UK under the Insurance Mediation Directive (IMD) allows them to advise UK residents on all financial matters, but this is not the case. If an IFA wishes to advise on pensions they need to have MiFID pass...

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