Tony Müdd: The QROPS market is dead, isn't it?

Following last year's Autumn Budget the transfer to a new Qualifying Recognised Overseas Pension Scheme (QROPS) is now highly unlikely to be either achievable or in a client's interest. First, the 25% Overseas Transfer Charge (OTC) exemption for transfers to QROPS in the European economic area (EEA) or Gibraltar for residents in another EEA country was removed. As a result, any transfer requires the individual to reside in the same jurisdiction as the scheme. With almost all useable QROPS providers based in Malta, Guernsey, Gibraltar or the Isle of Man, any transfer for practical purp...