Are QROPS still difficult for advisers to engage with? Fiona Murphy looks at recent changes and finds out.
The QROPs market has undergone significant changes in recent years as HMRC has attempted to clean up potential tax abuse and fraudulent changes in the market. But have the changes made it easier for advisers to participate in the overseas pension market, or is it putting them off? Last year, the Rosiip case was a landmark for the industry. HMRC suffered a defeat in the High Court and had its stance branded as "aggressive" and "shameful" by the judge. Rosiip was a pension scheme based in Singapore, which had notified HMRC in 2006 that it met the conditions to be a QROPS. It was deliste...
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