Life assurance company Hansard International has announced plans to form a strategic partnership with specialist consultancy The QROPS Bureau in order to assist financial advisers using Qualifying Recognised Overseas Pensions Schemes.
Millions of UK pensioners may be granted the ability to sell their existing annuities for cash as ministers serious consider introducing the flexibility in next weeks Budget, the Financial Times reports.
Guernsey-headquartered QROPS provider Concept Group has removed the upper limit on its Aurora Lite offering and waived transfer fees into and out of its Gibraltar-based schemes.
Multi-jurisdictional financial services provider STM Group saw its pensions division grow by 36% last year which it claims to be driven by 150% growth in its Gibraltar QROPS revenue.
A committee of UK MPs has recommended that the next Government establishes an independent pensions commission to advise on future policies.
Aegon has launched Your Retirement Planner, an online tool to help advisers guide clients through the options available to them following Aprils UK pension reforms.
HSBC Global Asset Management, the fund management arm of HSBC, has announced it will offer three new funds built on its flagship World Selection portfolios with charges suitable for the UK defined contribution (DC) marketplace, given the new 75bps charge cap.
Financial vehicles such as QROPS are encouraging a rising number of over 50s to seriously consider moving abroad, research by the largest independent financial advisory organisation in the world has revealed.
Jersey’s chief minister Ian Gorst has said that the island’s strategy towards building business in the QROPS market is not cautious, but rather a “step-by-step” approach.
The UK government’s failure to clarify fundamental details around pension reforms has left the industry unprepared for the changes, according to the Association of British Insurers.
US President Barack Obama has announced plans to update the rules for financial advisers on Wall Street in a bid to crackdown on hidden fees and back-door payments that mean clients may not get the best retirement investment advice.
Axa Wealth plans to combine its pensions and investment expertise to offer a new financial planning model called Retirement LifePlanning, in response to the UKs planned pension reforms which come into effect on 6 April this year.
