As a result of Brexit, individuals will no longer have an automatic right to work or live in the EU. However, the last minute Brexit deal has brought welcome news to UK citizens who plan to and are permitted to move to and retire in the EEA or Switzerland in future.

Those who were already living in the EU before 31 December 2020 had been reassured that they will receive the same uprating to UK state pensions as paid to those living in the UK, which is currently based on the generous ‘triple lock’, or the highest of earnings growth, price inflation or 2.5% each year. But had no deal been struck, this might not have been the case for those moving abroad and retiring in future. The loss of inflation protection on a full state pension could have cost overseas pensioners around £...Read More

The Pensions Regulator (TPR) launched its latest anti-scam campaign on 10 November, calling on administrators, providers and trustees to play their part in stopping fraudsters and signing up to the pledge to combat pension scams.

A month on from the campaign’s launch, 117 pledges have been made, including three master trusts, which alone represent 50,000 savers.

A further 37 of those that pledged have also self-certified to confirm they have adopted stringent practices on due diligence, member warnings and reporting scams demanded by the pledge campaign.

To make the pledge trustees, providers and administrators agree to:
1. regularly warn members of the risk of scams
2. encourage those requesting cash drawdown to call The Pensions A...Read More