gibraltar parliament to consider qrops law today
The Gibraltar Parliament is today due to take its first look at a Bill which would introduce Qualifying Recognised Overseas Pensions Schemes to the jurisdiction.
The Gibraltar Parliament is today due to take its first look at a Bill which would introduce Qualifying Recognised Overseas Pensions Schemes to the jurisdiction.
An organisation representing pension fund administrators in Gibraltar has released a statement praising the British overseas territorys proposed new tax regime for pensions.
London & Colonial, the London-based investment products distributor and administrator, said it is reviving a long-harboured plan to establish a QROPS in Gibraltar, in the wake of news that the territory plans to amend its pension legislation in an effort to accommodate pension transfers.
Gibraltar has re-modelled its fund laws in a bid to make them more appealing to fund managers and to position itself as one of the most attractive fund jurisdictions, particularly after the introduction of the Alternative Investment Funds Managers Directive in July 2013.
Gibraltars newly-elected government has set its sights on reviving the territorys currently dormant QROPS industry, possibly within months.
Gibraltars newly-elected government today said it plans to change its legislation, possibly within weeks, to permit experienced investor funds domiciled in the jurisdiction to be administered by entities not located there.
Gibraltars Supreme Court yesterday refused an application by one of three defendants in a multi-million pound fraud case to leave the peninsula, a local newspaper has reported.
Voters in the British overseas territory of Gibraltar have replaced their chief minister of the last 15 years with a 39-year-old Socialist, Fabian Picardo.
Gibraltars Financial Services Commission has obtained a winding-up order against RLS Insurance & Financial Consultants, a firm it previously licensed to provide insurance mediation.
Gibraltars Financial Services Commission has issued a warning in relation to Unique Car Insurance.
Gibraltars chief justice minister Peter Caruana is hosting financial services events in Switzerland
Julian Telling has been appointed to the board of Gibraltar’s STM Group as non-executive chairman.