Malta decided to mirror the New Pension Freedom rules for UK tax relieved transfers, or what are generically known as “relevant transfer funds”. The good news for clients and their intermediaries is that whilst we initially thought that we would have to wait until our Pension Schemes had been re-registered under the Retirement Pensions Act, an agreement was reached last week with the Regulator the Malta Financial Services Authority (MFSA), which allowed us to amend our Trust Deed & Rules with immediate effect.