QROPS: Growing pains or increasing complexity?

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...