London & Colonial to launch Gibraltar QROPs

The provider said a QROPS was the missing piece from its proposition, with Gibraltar likely to attract UK pension investors due to flexibility and EU status. Adam Wrench, head of product and business development said: "The launch of our QROPS will fully complement our existing range that currently includes our UK SIPP and offshore QNUPS (EU SIPP)." Gibraltar's government has published a bill to permit QROPS under a HMRC compliant regime, expected to appear in Gibraltar's parliament within the next 6-8 weeks. Wrench said: We have no doubt that following the passing of the legislatio...