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