Concerns have been raised over proposals by the UK Department of Work and Pension\'s (DWP) to change existing rules that overseas pension transfers must be given by an FCA -authorised adviser.

In a new consultation launched last week (30/09/2016), the DWP has called for evidence on how the advice requirement introduced in April 2015, which requires members who have overseas residency and safeguarded benefits of over £30,000 to take advice from a FCA-authorised financial adviser, can be maintained or adapted to allow non-UK advisers to provide financial advice.