IFAs warned of HMRC QROPS clampdown

The news comes after various QROPS schemes were shut down in 2010,  notably the Beazley Consulting scheme last September. An HMRC spokesperson says: "The AFU within Pension Scheme Services has been set up to counter evasion, avoidance and general abuse around pension schemes particularly targeting those who act outside the legislation. "The unit works closely with other compliance teams within HMRC and with regulatory bodies including The Pensions Regulator (TPR) and the FSA in tackling specific cases." Geraint Davies, managing director of Montfort International, says the investiga...