Qrops Bureau launches estate planning service for advisers
Isle of Man-based The Qrops Bureau has launched a trust and estate planning service for financial advisers.
Isle of Man-based The Qrops Bureau has launched a trust and estate planning service for financial advisers.
Brewin Dolphin has named its new chief operating officer, while Standard Life’s 1825 has poached a regional managing director from St James’s Place. Julius Baer International has appointed a head of compliance for the UK and Ireland.
As the dust settles following the go-ahead of a 25% overseas transfer charge in the Spring Budget, David White, partner of Isle of Man-based The Qrops Bureau, sets out five key opportunities for financial advisers.
Gibraltar will not drop its rule that 30% of a Qrops fund can be taken tax free despite a widespread industry view that HM Revenue & Customs requires full flexible access for all qualifying schemes.
The UK government’s shock decision to impose a 25% charge on transfers to foreign pension schemes announced in the Spring Budget could go as far as to “shut down” the Qrops market, according to industry observers.
International product distribution company Provisca has signed a partnership agreement to market and distribute The QROPS Bureau’s independent technical support, due diligence and compliance support service to advisers outside the UK.
The Qrops Bureau has brought on board a fellow of the Institute of Actuaries to bolster the firm’s expertise as it grows its international pensions advisory business.
Three more Australia-based pension schemes have been added to HM Revenue & Customs’ list of recognised overseas pension schemes (ROPS), but no publicly available ROPS are yet included.
The QROPS Bureau, which offers financial advisers access to a range of technical information and support on international pensions, is planning to roll out its service to advisers based outside the UK in the coming months.
AML Global Solutions has partnered with three pension providers.
Advisers with high-net-worth clients should consider introducing them to QNUPS, pension experts said