Malta's tighter pension rules to affect thousands of UK savers

Malta tougher pension rules which stipulates that advisers must be regulated in the jurisdiction where their client is based are soon to be enforced, a move that will affect tens of thousands of British savers. The new rules, to be enforced on 1 July 2019 according to the Malta Financial Services Authority (MSFA), will impact the way in which pension trustees administer both new scheme applications and existing members on a number of levels. deVere Group estimates that in the UK alone, around 30,000 UK pensions have already transferred into a Malta-based Qualifying Recognised Overseas Pe...