The European Union (EU) referendum has now concluded and the outcome is that the United Kingdom (UK) will leave the EU, albeit the actual process to leave the EU is likely to take a number of years.

For existing clients and prospective clients of Concept Group, there is seemingly very little impact as a result of the decision.

For existing members of our Guernsey delisted QROPS

There will seemingly be no impact as a result of the UK leaving the EU.

For existing members of our Gibraltar QROPS 

There will seemingly be no impact as a result of the UK leaving the EU.

For prospective/future members of our Gibraltar QROPS

There is no immediate impact as a result of the UK’s intention to  leave the EU and anyone considering a transfer to our Gibraltar QROPS, can still do so safe in the knowledge that any transfer will be an authorised transfer.

To reassure anyone who is considering transferring to a QROPS, the ability remains unchanged to complete transfers from a UK registered pension scheme to a QROPS and with the same associated benefits as before the UK’s EU referendum.

If you have any questions on this matter, please speak with your Financial Adviser in the first instance.