Elmo launches ‘first ever’ fully flexible QROPS
Malta-based Elmo Pensions, a subsidiary of Elmo Insurance, has launched what it believes to be “one of the first” QROPS to offer full flexibility in line with the UK pension reforms.
Malta
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DeVere boss further reduces stake in QROPS specialist STM
DeVere’s chief executive has continued the sale of his shares in QROPS provider STM, reducing his stake to just 6.7% from the 24% he purchased in 2012.
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JTC expands European capabilities with Malta registration
Fund services provider JTC has become one of the first companies to be granted a registration to form companies and other legal entities in Malta, and plans to further strengthen its position in the jurisdiction.
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Malta QROPS to keep full-flexibility
Holders of Malta-based QROPS will still benefit from full flexibility despite HM Revenue & Customs reversal on complete withdrawals from the schemes earlier this month, says Old Mutual Wealth.
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Momentum waives QROPS transfer fee
Pensions provider Momentum has waived set-up and first year fees for clients looking to move their existing QROPS products following a surge of requests in the run up to Aprils UK pension reforms.
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Guernsey to enable transfers
Guernsey QROPS will benefit from full flexibility following a legislative change that will enable policyholders locked into schemes on the island to transfer funds into other jurisdictions.
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Gibraltar very well positioned for
A legislative amendment leaves Gibraltar very well positioned to follow Maltas lead in adapting to HM Revenue & Customs introduction of full flexibility to Qualifying Recognised Overseas Pension Schemes (QROPS).
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Malta QROPS to receive full flexibility
QROPS domiciled in Malta will benefit from the full flexibility which is to be afforded to UK pensions, after a change to local pension legislation.
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Experts react to biggest ever QROPS changes
Pension experts have reacted favourably to HM Revenue & Customs draft legislation proposing full flexibility for QROPS, describing the news as the biggest change to the schemes since they came into play.
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Brooklands offers new Malta QROPS
Brooklands Pensions has partnered with Trireme Pension Services to add a new Malta-based QROPS to its product range.
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malta platform launch foralternative fund managers
A specialist Malta-domiciled platform has been launched to host funds offered by small, specialist managers of alternative investments.
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qrops industry in split over pre-age-55
A debate is under way in the QROPS industry about whether pension fund trustees are right to permit QROP scheme members to begin taking pension benefits before the age of 55‚ if the scheme members have lived outside the UK for more than five complete tax years.