London & Colonial is eyeing Gibraltar as a home for its QROPS, as the island amends pension legislation.
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...
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