HMRC confirms overseas pension transfer advice requirement

In 2016, the government issued a call to evidence on the advice requirement on overseas pension transfers, which ran from 30 September to 23 December. It received 52 responses, more than half of which supported retaining the current advice requirement, though some acknowledged the additional challenges faced by overseas members. On Tuesday, the government revealed the advice requirement will stay in place. "Having considered the responses to the call for evidence [the] government considers that the advice requirement as applied to overseas transfer is largely working and does not requ...