Why malta qrops

With echoes of miss-selling in the financial sector over recent years, this provides the client with peace of mind that they will not incur any hidden fees or extras that could significantly impact on the value of their pensions over time. The new regulations are designed to offer greater protection for the client and facilitate more rigorous accountability for the advice that they are given. Under the new rules, advisors are required to document the entire process and are held responsible for the products they recommend to their clients.

Products that suit while the client is accumulating QROPS assets may not be appropriate during decumulation. The new regulations are designed to protect the client and stop unethical advisors taking advantage of the market-place. If they do not hold the appropriate investment license, they should inform you of this in writing, but it is then up to you to make the necessary changes or risk losing your QROPS provider. At this point you will need to find a new advisor who has applied and successfully achieved the appropriate certifications.

Your QROPS provider should be able to refer you to companies or regulated advisers in your area who will be able to take over from your existing adviser. There are two major things that we should point out here that may affect your decision to transfer funds into a Malta QROPS.

First of all, there are some advisors who claim that they are linked to Discretionary Fund Managers, which exempts them from the requirement of holding an Investment Licence. To find out more about the cookies we use, see our Privacy Policy. If you decline, your information won't be tracked when you visit this website. A single cookie will be used in your browser to remember your preference not to be tracked. This is a scheme launched by HMRC in through which persons who would have accumulated a pension in the UK can move their pension to their new place of residence.

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This will be an extra layer of cost to the client. We also have our own, in-house DFM should they be required. Outside Europe, an "equivalent level of regulatory supervision" must be in place. Otherwise a suitably regulated DFM must be appointed as outlined above. In all cases, the Rules also require that the Adviser must be authorised and regulated to provide such investment advice to the Member.

This is preventing a lot of European firms from giving advice in this area as it has been previously done under insurance regulations.