“We have recently embarked on a strategic review of not only our corporate structures but also our operating units,” he said.
“The recent Qrops announcements from the UK will form part of this analysis in the more immediate future.”
According to a number of media reports, Green said he was extremely disappointing that the government “sees Britons’ pensions as low-hanging fruit they can raid whenever they deem it appropriate”.
“It seems to forget that it is an individual’s right to transfer their asset to any jurisdiction they see fit and, as such, people should not be penalised should they choose to move it outside the UK for legitimate financial planning reasons.”
On 3 February, according to a statement on the Financial Conduct Authority’s website, deVere UK was ordered to “immediately cease” providing third party companies with transfer value analysis (TVAS) reports or other similar reports of information “designed to assist third parties companies in transferring customers DB pensions to an alternative arrangement”.
A deVere spokesperson said the company had “entered into a voluntary requirement to cease providing advice in this arena” and is working “alongside the FCA’s appointed independent body through the section 166”.