Overseas investments commonly caused 'amber' flagging of pension transfers - Quilter

Ayesha Venkataraman
clock • 3 min read

Amber flags are being raised on potentially low-risk transfers relating to overseas investments, causing at least 134 pension transfers to be put on hold between November 2021 and March 2022, according to Quilter.  The wealth manager gathered data from the Money and Pensions Service (MaPS), revealing overseas investments caused 40% of the recorded amber flags to be raised, which resulted in at least 134 pension transfers put on hold between the introduction of new pension rules in November 2021 until the end of March 2022. The second most common reason was high risk or unregulated inv...

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