QROPS: A better alternative to unlock your funds lying in UK pension accounts

If you are one of the many Indian physicians who worked in United Kingdom (UK) for a period of time during your career, you most likely accumulated some funds in a UK Occupational Pension account. Until recently, this money remained invested in the account until your turned 65 years old. After that, you would be entitled to a weekly annuity from the UK pension authorities.

The problem with this arrangement has been that the money is locked in very low yielding government securities for a long period of time. Recognizing the investment restrictions faced by expats with regard to their retirement funds, the British government now has...