We are analysing your feedback
Visit this page again soon to download the outcome to this public feedback.
We are seeking views on how the advice requirement works for overseas transfers and how it could be made to work better in such cases.
This consultation ran from
The government has been made aware that the advice requirement may create difficulties for members who are resident overseas and wish to transfer safeguarded pension benefits to an overseas scheme.
The advice requirement means that members with safeguarded benefits of over £30,000 must take advice from an independent financial adviser authorised by the Financial Conduct Authority (FCA).
This call for evidence seeks views on:
- how members with safeguarded pension benefits transfer their pensions overseas
- how this has been affected by the introduction of the advice requirement
- whether an alternative safeguard could be developed that would give this group a comparable degree of protection to that provided by advice from an FCA authorised adviser
The advice requirement and overseas pension transfers: Call for evidence on members with safeguarded pension benefits transferring outside the UK
PDF, 188KB, 16 pages
This file may not be suitable for users of assistive technology. Request an accessible format.
If you use assistive technology (such as a screen reader) and need a version of this document in a more accessible format, please email email@example.com. Please tell us what format you need. It will help us if you say what assistive technology you use.
Published: 30 September 2016