Latest news & announcements

South West Pension Funds appoint independent chair

The South West Pension Funds have appointed Denise Le Gal as its Independent Chair of the £25 billion Brunel Pension Partnership Limited.

The Partnership is one of eight national pooled funds, and will oversee the investment of the majority of pension assets for Avon, Buckinghamshire, Cornwall, Devon, Dorset, Environment Agency, Gloucestershire, Oxfordshire, Somerset, and Wiltshire Funds.

Transferring pension to an overseas scheme – new charge

At the Spring Budget 2017 the government announced that from 9 March 2017 a new 25% overseas transfer charge applies to some overseas pension transfers that were previously tax free. This will affect members of pension schemes requesting to transfer their pension to an overseas pension scheme.

You will still be able to make a transfer tax free if you are transferring to a qualifying recognised overseas pension scheme (known as QROPS) and formally requested your transfer before 9 March 2017 or one of the following apply:

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