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QROPS transfers risk rejection as advisers left in the dark

QROPS transfers risk rejection as advisers left in the dark

Pension transfers into QROPS could face mass rejection as non-UK advisers miss new qualification requirements introduced earlier this week, a senior industry figure has warned. In an interview with International Adviser, Global QROPS founder Paul Davies said advisory firms around the world will be surprised to find they can no longer process a transfer request into a qualifying recognised overseas pension scheme (QROPS), or other defined contribution schemes, without a specialist qualification. Please link to International adviser to read the full article by Katherine Denham.

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