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Financial & Legal
Have a read of this first http://costadelsol.angloinfo.com/countries/spain/qrops.asp
transferring to a QROPS has many benefits in comparison to the struggling system in the UK.
there are criterias that you must meet to ensure the tax benefits, but in general it offers far more flexibility, control of where your investments are made, higher drawdown (120 GAD instead of 100GAD in UK), 30% lump sum (25% in UK) and you can bequeath the enire pension to your beneficiaries, should anything happen to you!
please be wary of offers on the coast from companies offering more that 30% - of which there are many! This is not legal with ref to HMRC, the QROPS scheme must be recognised and administer to HMRC guidelines!
also many firms here will charge you up to 8% or more of your pension pot to do the transfer for you, which again is a cost you do not have to pay.
If you would like more information regarding this, and who i did mine through - which went very smoothly and i'm very happy to see my pension actually growing rather than declining! Please do message me back and i'll be happy to share with you all the necessary information.