Dispelling the QROPS myths

Qualifying Recognised Overseas Pension Schemes, or QROPS for short, are not new. HMRC allowed non-resident UK pension scheme members the ability to transfer their accumulated pension assets to another jurisdiction without tax or transfer penalties back in 2006; but QROPS have truly taken off in the last year. There are many suggestions as to why; weak sterling, increased social mobility, changing tax rules, negative media attention on the pensions issue; really there is no right or wrong reason here. What is key, however, is QROPS, and the opportunities QROPS offer providers, advisers an...