Singapore QROPS loses court battle

The hearing is the latest development in a three-year battle which began when Equity Trust's Panthera recognised overseas self invested international pension (ROSIIP), a type of QROPS, was struck off the list of recognised schemes along with all other Singapore vehicles. HMRC said at the time the schemes did not meet condition B of its QROPS requirements, which says schemes must be registered with the tax authorities in the jurisdiction in where they based. Equity Trust contested HMRC's decision that Singapore schemes were unlawful in court, in 2008. HMRC was concerned Singapore QR...