News

QROPs rules snag NZ advisers

Thursday 20th of August 2015

The UK’s “pension freedom” reforms came into effect on April 6 this year, removing the need for British retirees to purchase an annuity product.

But the move has caused serious problems for New Zealand residents who are members of the British pension schemes and want to transfer their money here.

All of the country’s KiwiSaver schemes were immediately disqualified as Qualifying Re...

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