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Industry divided on planned UK overhaul of overseas pensions

Industry divided on planned UK overhaul of overseas pensions

The UK government's plans to change the way overseas pension schemes are approved and taxed have been met with a mixed response from the financial services industry, with some advisers welcoming the move while others believe it will make foreign pensions increasingly complex and unattractive. On Wednesday, the UK Treasury announced that income from foreign pensions, the bulk of which consist of recognised overseas pension schemes (Rops), will be treated the same as income from UK pensions. Please link to International Adviser to log in and read the full article by Monira Matin.

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