Considerable interest is being shown in transferring UK pensions into overseas schemes, two advisory firms have told Financial Planning Today.

Demand for overseas pensions among expats will increase following changes outlined by the Government this week, the founder of a global advisory company believes.

Plans announced by Chancellor Philip Hammond in the Autumn Statement to bring QROPS and other overseas pension transfers into line with UK pensions will spark a “surge” in overseas transfers believes a leading offshore advice firm owner who supports the tightening up of the rules.

A consultation looking at a new law to ban pension cold calls has been announced by the Government this afternoon.