UK - OPRA is allowing trustees extra time for transfer payments in a bid to combat trust busting or pension liberation' scams.
The move follows threats from the Inland Revenue to remove the tax-approved status of pension schemes which fail to adhere to money transfer rules. Under present OPRA regulations schemes must co...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- 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
Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here
