Australia QROPS in ‘strong demand’ as more join HMRC list
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.
Qrops
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STM scopes out Australian QROPS offering as business booms
International pensions administrator STM Group is looking to offer QROPS tailored for UK expats in Australia after HMRC scrapped thousands of schemes from its approved list in July.
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Australia edges back after huge HMRC QROPS cull
An Australia-based overseas pension scheme has been added to HM Revenue & Customs’ approved list of qualified recognised overseas pension scheme (QROPS) after the body delisted thousands of schemes in July.
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Case against delayed Guernsey QROPS transfer thrown out
A case against pension administrator Capita which claimed there were “unreasonable delays” to an overseas pension transfer has been rejected by the Pensions Ombudsman Service (POS).
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Government shuts QROPS public sector transfer loophole
A loophole allowing the transfer of public sector pensions into certain Qualifying Recognised Overseas Pension Schemes (QROPS) has been closed by the UK Government.
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UK Teacher’s Pension highlights QROPS public sector loophole
The UK Teachers’ Pension scheme has advised its members there is a loophole in the current rules surrounding the transfer of public sector pensions that would allow access to certain qualifying recognised overseas pension schemes (QROPS).
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UK Gov’t to plug QROPS public sector loophole
The UK Government is currently looking to close a loophole that allows expats to transfer their unfunded public sector pensions into qualifying recognised overseas pension schemes (QROPS).
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Momentum launches two pensions following UK buyout
QROPS provider Momentum Pensions Group has introduced two new pension schemes after securing a majority stake in its UK self invested personal pension (SIPP) business last month.
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DeVere suspends affiliated QROPS information website
Independent financial advisory firm deVere Group said it has temporarily suspended an affiliated web site that offered information and advice on UK pension transfers into Qualifying Recognised Overseas Pension Schemes (QROPS)
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Concept Group challenges Aegon pension fraud report
International pension provider, Concept Group, has hit back at a recent report from Aegon, which claimed that 80% of overseas pension transfer requests were fraudulent.
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Overseas advisers offered access to support on DB transfers
QROPS provider Sovereign has teamed up with Alexander Beard to give overseas advisers access to the FCA-regulated advice now required for transfers out of defined benefit schemes.
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Majority of QROPS transfer requests are a scam, warns Aegon
Aegon has warned that 80% of the requests it has received for transfers into qualifying recognised overseas pension schemes (QROPS) are designed to swindle savers out of their pension pots.