Brits Rush to Leave Defined Benefit Schemes

Quotes Rise by 60% for Transferring Out of Defined Benefit Pension Schemes The number of people who are asking for advice on leaving a defined benefit scheme has risen 60% in a month . Financial consultancy firm, Mercer, have seen Read More

QROPS Flexible Drawdown Allowed in New Draft Legislation

QROPS Flexible Drawdown Rules for 2015 Unexpectedly on Friday afternoon, December 17th, HMRC introduced a new statutory instrument (SI) to come into effect next year that seeks to align the regulations for overseas schemes (including QROPS) with the changes introduced Read More

The Autumn Statement and its Effect on UK Pensions

The Autumn Statement and Rule Changes to Pensions for 2015 The Autumn statement has arrived and not much different was in than expected. The equal treatment on death of annuities and defined contribution pensions. The closing of transfers from public Read More

Pension Payout on Death in the UK Abolished

Pension Fund Payout on Death FAQ The UK government has managed to successfully con people into thinking there is no tax on death on their pensions. Well, this simply is not the case. Whilst technically, the death tax will disappear Read More

New QROPS Regulations 2015

UK Budget 2014 – Consultation Response (July 2014) Background As part of the 2014 Budget the UK government proposed sweeping changes to the UK pensions regime. The proposals were outlined in a consultation paper titled Freedom and Choice in Pensions Read More