Momentum appoints investment head
Momentum, one of the world’s leading international pension providers, has appointed a group head of administration and investment.
Qrops
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UK retirees looking to relocate abroad rise by 10
Financial vehicles such as QROPS are encouraging a rising number of over 50s to seriously consider moving abroad, research by the largest independent financial advisory organisation in the world has revealed.
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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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jersey to evolve qrops legislation step by step
Jersey’s chief minister Ian Gorst has said that the island’s strategy towards building business in the QROPS market is not cautious, but rather a “step-by-step” approach.
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Nutmeg may consider expats for new pension
Investment manager Nutmeg has launched an online pension, and may look at opening it up to investors living in key expat jurisdictions.
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HMRC likely to review QROPS
HM Revenue & Customs is likely to address doubts surrounding the IHT-exemption of fully-flexible QROPS with a wide review into how overseas pensions are taxed, say industry experts.
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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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Only FCA authorised advisers to give
An amendment to the Pensions Schemes Bill 2014-15 in the House of Lords last week has confirmed that anyone seeking to transfer out of a defined benefit pension scheme must seek advice from an FCA authorised pension adviser.
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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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QROPS Flexible Drawdown
David Howell, chief executive at Guardian Wealth Management, looks at how fully flexible QROPS will affect international IFAs.
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Fully flexible QROPS to lose IHT-exemption
QROPS which embrace HMRCs full flexibility proposals will not qualify for inheritance tax-exemption because of an omission by the Revenue, a leading provider of the schemes has said.
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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.