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Offshore advisers look to UK in run-up to QROPS changes

Offshore advisers look to UK in run-up to QROPS changes

Nearly one third of offshore advisers have formed links with UK advice firms in preparation for the Financial Conduct Authority's restrictions on QROPS transfers, says a survey by Old Mutual Wealth

The wealth manager found that 29% of overseas advisers had formed the UK relationships in time for 6 April, when the FCA will introduce a requirement on all defined-benefit pension transfers over £30,000 to be checked by an FCA-authorised adviser. Please link to International Adviser to read the full article by Richard Hubbard.

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