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

Pedro Gonçalves
clock • 3 min read

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...

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