New Zealand KiwiSaver schemes fall off HMRC QROPS list
The number of New Zealand-based pension schemes on the latest HMRC approved list, released on 19 May, has dropped to 34 from 57, with KiwiSaver schemes notably absent from the remainder.
Qrops
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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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Infini fund opens to major currencies in QROPS push
Infini Asset Management has opened its flagship product up to all major currencies as it looks to target holders of Qualifying Recognised Overseas Pension Schemes (QROPS).
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QROPS changes forecast under new UK pensions minister
Experts across the Qualifying Recognised Overseas Pensions Scheme industry have welcomed the appointment of Ros Altmann as the United Kingdom’s new pensions minister, with many hoping she will introduce a sea change to the way expats are advised.
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Australia and New Zealand QROPS risk HMRC delisting
Overseas pensions in Australia and New Zealand could lose QROPS status after a letter sent by HM Revenue & Customs forced all schemes to ensure that policyholders can only access benefits before the age of 55 in the same circumstances as a UK pension.
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Code of good practice launched
A code of good practice for combating pension scams has been released by a UK industry group, with additional consultation coming from the QROPS sector.
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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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Ringing in the pension changes FPI
The UK Taxation of Pensions Act 2014 paves the way for the implementation of radical changes to the UK pensions tax regime. Technical services manager at Friends Provident International, Brendan Harper, asks are you ready?
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Hansard Intl forms to guide advisers
Life assurance company Hansard International has announced plans to form a strategic partnership with specialist consultancy The QROPS Bureau in order to assist financial advisers using Qualifying Recognised Overseas Pensions Schemes.
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Offshore advisers look to UK in run-up to QROPS
Nearly one third of offshore advisers have formed links with UK advice firms in preparation for the Financial Conduct Authority’s restrictions on QROPS transfers, says a survey by Old Mutual Wealth
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Concept removes upper limit on Aurora Lite offering
Guernsey-headquartered QROPS provider Concept Group has removed the upper limit on its Aurora Lite offering and waived transfer fees into and out of its Gibraltar-based schemes.
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Kreston Pensions appoints London consultant
Isle of Man-based pension provider Kreston Pensions has strengthened its London ties with the appointment of a new consultant.