11 April 2024

Consultation: Proposed exemptions for advice on UK law aspects of defined benefit pension transfers

Final date for submission  5pm, Thursday 13 June 2024  
Consultation documents Consultation paper: Proposed exemptions for advice on UK law aspects of defined benefit pension transfers 
Submission form  Submission form: Proposed exemptions for advice on UK law aspects of defined benefit pension transfers  
Email for submission  [email protected]

We are seeking feedback on proposed exemptions for UK financial advice firms from certain requirements of the Financial Markets Conduct Act 2013, so they can provide financial advice to clients in New Zealand on the UK law aspects of transferring funds in a UK pension scheme with safeguarded benefits (defined benefits) to a New Zealand qualified registered overseas pension scheme (QROPS).  

We welcome your feedback on the exemption proposal in response to the specific questions in this paper, as well as any other general comments. Please provide feedback using the submission form above.