QROPSreview.com has previously reported on the new pension regime proposed by Chancellor George Osborne.
Now it seems like the new flexibilities will also be on offer to QROPS members.
Jon Greer, pensions technical manager at Old Mutual Wealth said. “The reference in the Pensions Flexibility note published by HMRC caused some concern that there would be a further test of a person’s lifetime allowance and might therefore use up some LTA.
“However, what they were referring to is the rule which is currently in place but is being slightly amended to help QROPS members to receive the types of benefits that UK registered schemes will receive from April.”