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Macquarie Wrap gains UK pensions approval
David Shirlow
Macquarie Wrap has received a boost after being registered by the United Kingdom financial services regulator as a Qualifying Recognised Overseas Pension Scheme (QROPS).
The registration was announced by Macquarie’s head of technical services David Shirlow, who said it would allow Australian advisers who use Macquarie Wrap to transfer clients’ UK pensions to Australia from May 1.
He said Australia’s ‘simpler super’ regime had resulted in more advisers looking for QROPS to transfer the pensions of clients who had worked in the UK.
Shirlow said the UK transfers would be available through the Macquarie Super and Pension Manager from May 1, this year.
AUTHOR
Mike Taylor
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