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Advisers brace for significant Malta pension rules shakeup

Advisers brace for significant Malta pension rules shakeup

Incoming rules will lead to major changes in Malta including an almost complete ban on unregulated advisers.Back in December the Malta Financial Services Authority told the industry it was worried about pensions money being invested in "risky and highly illiquid" products without proper oversight.
In January the consultation on amendments to the pension rules issued under the Retirement Pensions Act closed and the resulting rules will come into effect in July. Please link to International Adviser to read the full article by Will Grahame-Clarke.

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