QROPS and QNUPS: spot the difference

clock

Andy Zanelli looks at the distinctions between both pension schemes, and how they can be used in retirement planning

I am now going to show my age, but I hope many of you reading this will be able to identify with what I am about to say! When I was younger, I remember seeing a number of vehicles that had a "Q" number plate and always wondered why. I subsequently found out that a Q plate, in this case, meant that the car was a kit car. If you Google "Q number plate", a couple of interesting quotes come up: the "Q" shows that the vehicle was either not originally registered in the UK and proof of age was unavailable at registration, or that it has been built using a significant proportion of used part...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on uncategorised

Building Society-owned Newcastle Financial Advisers acquires Openwork firm

First of a number of acquisitions

Hannah Godfrey
clock 09 December 2019 • 1 min read

Bond managers fear hedges being undermined as liquidity dries up

The recent sell off in the bond market and growing liquidity issues have forced bond investors to use similar hedging techniques, undermining their effectiveness and causing concerns about how much downside protection funds really have.

Anna Fedorova
clock 03 July 2013 •

Police launch investigation into mortgage middleman fined £1m

West Midlands Police have launched a fraud investigation into a Birmingham financier over his role in sale and rent back agreements.

clock 25 June 2013 •