Close may launch US QROPS

Currently, most QROPS are not available to US citizens or residents, with the majority of products serving British expats in Europe. The UK and the US have a double tax treaty in place, which saves British expats on some of the possible charges they may face on their pensions. However, Close AM is looking into the possibility of creating a more efficient vehicle for accessing UK pension funds from the US. "There are 1.3 million Brits in the US," Rex Cowley, head of marketing, international asset management at Close says. "Close is doing research on the feasibility of a QROPS for...