Consultation on the advice requirement for overseas pension transfers

Close date: 23 December 2016

The Government has issued a call for evidence on the requirement that pension scheme members must receive independent financial advice before accessing pension flexibilities in relation to overseas pensions. The consultation asks whether or not the advice requirement should be maintained or adapted in relation to overseas pensions. It also asks whether or not there should be an alternative process with the aim of improving the advice to pension scheme members, in view of the complexities of overseas pensions.
Consultation document:Consultation on the advice requirement and overseas pension transfers