Fears grow over 'smash and grab' QROPS raids on DB

clock

Trustees need better advice on qualifying recognised overseas pension schemes to stop them being targeted by ‘smash and grab' schemes, a provider says.

Montfort International managing director Geraint Davies warned some parts of the QROPS industry were ignoring tax consequences, visa factors and foreign exchange variables when offering advice and ...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on Defined Benefit

Readiness for buy-in or buyout continues to be key obstacle for endgame

Readiness for buy-in or buyout continues to be key obstacle for endgame

Readiness for buy-in or buyout continues to be key obstacle for endgame

Martin Richmond
clock 27 February 2025 • 2 min read
BAA Pension Scheme posts funding improvement after discount rate rise

BAA Pension Scheme posts funding improvement after discount rate rise

Heathrow Airport scheme deficit now stands at £99m, down from £128m at end of 2023

Jonathan Stapleton
clock 26 February 2025 • 1 min read
DB transfer values hit record low during last month, XPS finds

DB transfer values hit record low during last month, XPS finds

Consultancy says increasing gilt yields key factor in trend of decreasing transfer values

Martin Richmond
clock 25 February 2025 • 2 min read
Trustpilot