Overseas investments commonly caused 'amber' flagging of pension transfers - Quilter

Raising 134 amber flags

Ayesha Venkataraman
clock • 3 min read

Amber flags are being raised on potentially low-risk transfers relating to overseas investments, causing at least 134 pension transfers to be put on hold between November 2021 and March 2022, according to Quilter.

The wealth manager gathered data from the Money and Pensions Service (MaPS), revealing overseas investments caused 40% of the recorded amber flags to be raised, which resulted in at least 134 pension transfers put on hold between the introduction of new pension rules in November 2021 until the end of March 2022. The second most common reason was high risk or unregulated investments, which raised 81 amber flags, followed by unclear/high fees (55 flags raised), complex investment structure (45 flags), high volume to same scheme (15 flags), evidence provided not genuine (13) and high volume...

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

More on Your Business

All the advice firm acquisitions that have taken place in 2026

All the advice firm acquisitions that have taken place in 2026

Keeping track of the ongoing consolidation in the advice industry

Professional Adviser
clock 20 October 2026 • 4 min read
The advice failures that happen between teams

The advice failures that happen between teams

'Advice, technical work and administration support the client, while culture shapes what happens between them'

Mark Buck
clock 15 October 2026 • 5 min read
Catalyst Partners on the advice market M&A continuum

Catalyst Partners on the advice market M&A continuum

Acquirers eyeing £500m firms are ‘fishing in a very shallow pond’

Jenna Brown
clock 09 October 2026 • 8 min read