QROPS: Not regulated, not registered, just recognised

QROPS have created an opportunity for abuse and mis-selling. There are valid reasons to use a QROPS, but clients need to be aware many QROPS are being sold by advisers who are not regulated and who are taking commissions as high as 8% of the fund. These commissions for investing the funds within the QROPS in a bond are on top of the set-up charges of the QROPS provider. QROPS are likely to be particularly attractive to those who have been abroad for more than five years and have no intention of returning to the UK. They have advantages which could include taking a little more than 25%...