There is never a dull moment in the world of QROPS with 2015 being another year of 'huge upheaval', writes Jason Porter. Here he takes a look at the ever-evolving landscape
The fanfare which followed the introduction of Qualifying Recognised Overseas Pension Schemes (QROPS) in 2006, and the plethora of jurisdictions and pension scheme providers who jumped on the bandwagon, appeared to signify a new, enlightened time for internationally mobile individuals, and their pension capital. But as has often been the case, clever tax advisers often find the loopholes, and much was made by HM Revenue & Customs (HMRC) of some QROP providers' promoting their "pension-busting" schemes, and the lack of jurisdictional oversight. Over the past nine years we have seen sev...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes