Big leap in IFAs seeking move to Europe to avoid passporting barriers

Advisers 'may like a new life in the sun like their clients'

Mark Battersby
clock • 2 min read

Specialist expat financial planner Blevins Franks is reporting that it is seeing a large increase in the number of UK IFAs enquiring about a move to Europe, spurred by passporting barriers post-Brexit.  

The London-headquartered firm's director of specialist expat financial advisers Jason Porter said: "UK IFAs may welcome the intellectual challenge of learning a new set of tax and estate planning rules in another country in order to serve their clients. "Plus they get a new life in the sun, just like their clients!". Qualified financial planners who used to be able to ‘passport' their services from Britain to the European Union (EU) cannot now automatically do so post-Brexit.  "That is unless they have an operational base with local authorisation in an EU state, or join a company t...

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 profession

Adviser soft skills are 'crucial' and have 'never mattered more'

Adviser soft skills are 'crucial' and have 'never mattered more'

‘Soft skills have always been important but are now crucial’

Isabel Baxter
clock 17 June 2024 • 1 min read
'Our industry could benefit from better representation'

'Our industry could benefit from better representation'

‘There's a revolution underway, but there's more work to do'

Isabel Baxter
clock 17 June 2024 • 2 min read
PA Asks: Which party manifesto proposals for FS do you favour?

PA Asks: Which party manifesto proposals for FS do you favour?

This week’s poll also looks at the lifetime allowance and NI cuts

Professional Adviser
clock 17 June 2024 • 1 min read