no surprises in final qrops rules but new clause
The new QROPS legislation was finally published by HM Revenue & Customs yesterday, after months of speculation since an initial draft was released in December last year.
Retirement
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final qrops legislation published by hmrc
The final legislation for Qualifying Recognised Overseas Pension Schemes has been published by HM Revenue & Customs on Budget day in the UK.
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more than half a million expats now affected
More than half a million British expatriates who have retired abroad are missing out on their full pension, according to figures revealed by the UK government.
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providers first reactions to qrops guidance notes
On Wednesday this week, HM Revenue & Customs published in error guidance notes and FAQs on the QROPS legislation due to take effect from 6 April this year.
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qrops guidance confirms condition 4
Guidance notes published unintentionally by HM Revenue & Customs today, appear to clarify a number of points where there was some ambiguity or speculation.
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new qrops rules published by hmrc in error
HM Revenue & Customs today inadvertently published the final guidance notes on the new regulations for Qualifying Recognised Overseas Pensions Schemes.
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skandia intl and concept set to launch qnups
Skandia International and Guernsey-based Concept Group have come together to launch a QNUPS to complement the existing co-branded QROPS the duo launched in March 2010.
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guernsey qrops legislation passes hurdle
The States of Guernseys House of Deliberation has waved through proposed legislation that would provide a new regime for QROPS, paving the way for final approval within the next three weeks, Guernsey sources told International Adviser yesterday evening.
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isle of man breaks silence on qrops
The Isle of Mans pension industry has finally broken its silence on the impending QROPS legislation, releasing a statement which says it has drawn up a number of options to deal with the new rules.
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rosiip was not a qrops uk court rules
The parent of the Panthera QROPS range on Friday lost its appeal against a High Court ruling last May, which found that HM Revenue & Customs was within its rights in stripping its Recognised Overseas Self Invested International Pensions Retirement Trust (Singapore) of its QROPS status in 2008.
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DeVere says it has handled over a third of QROPS transfers
The deVere Group, the Zurich-headquartered, internationally-focused advisory group which claims to be the world’s largest, said it has handled more than a third of the assets transferred out of the UK and into qualifying recognised overseas pension schemes since QROPS were created in 2006.
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qrops consultation ends guern wait begins
As the door shuts on the eight-week period during which HM Revenue & Customs was accepting comments on its plans to amend its QROPS regulations, Guernsey QROPS providers are pinning their hopes on the introduction of a new pensions scheme that would be open to islanders and non-residents alike.