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Overseas pension transfers more complex under new FCA rules

Overseas pension transfers more complex under new FCA rules

Transfers to overseas pensions are likely to become even more complicated following proposals from the Financial Conduct Authority to overhaul pension transfer advice in the UK. The FCA is seeking industry feedback on making pension transfer advice a personal recommendation and replacing the transfer value analysis (TVA) with a comparison document showing the value of the benefits given up. Please link to International Adviser to read the full article by Kirtsen Hastings.

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