The UK Government’s discussions to afford the same new rights to Qualifying Recognised Overseas Pension Schemes (QROPS) as traditional UK-based pensions have been hailed as “further evidence of the pension transfer market’s maturity.”

However, the comments which came from Nigel Green, founder and chief executive of financial advisers, deVere Group, also carried a warning about the potential risks of taking advantage of the new flexibilities. 

He praised HMRC and the DWP for helping to demonstrate that “QROPS are now entirely part of mainstream retirement planning ...