storms ahead for the qrops industry
As 2012 comes to a close, Montfort International managing director Geraint Davies voices his concern that there could be trouble ahead for the overseas pension scheme sector…
Qrops
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mc trustees malta qrops reopens for business
MC Trustees has resumed accepting business into its Malta QROPS scheme, which has been restored to HM Revenue & Customs' online list.
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qrops generate 72 million in fees for ifas
The QROPS market generated fees and commissions in excess of £72m between January 2011 and 2012 for international IFAs, according to NewDawn Consultancy & Research.
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mc trustees temporarily ceases accepting Malta
MC Trustees, one of the first two companies to launch a QROP scheme in Malta after HM Revenue & Customs recognised the country as a jurisdiction to which UK pensions could be transferred in 2009, has temporarily stopped taking new applications.
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Swiss qrops specialist sets up in hk
Swiss-based FEIFA member Forth Capital has appointed RDR qualified Graham Brown as managing director to establish an Asia operation out of Hong Kong before the end of this year.
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gibraltar announces qrops status confirmed
Gibraltar has issued a statement saying that its pension fund administrators have been given the green light in writing by HM Revenue & Customs to resume handling qualifying recognised overseas pension schemes.
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fsa warns over website offering qrops advice
A warning has been issued by the UK’s Financial Services Authority over a firm which it said claims to offer specialist advice on QROPS, despite being unregulated to do so.
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provider warns over qnups abuse dangers
An overseas pension provider is warning advisers to be wary of potential abuses of the QNUPS regime, as the pension schemes become more prevalent in the international and UK-domestic market.
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jersey decides not to proceed with qrops
Two years after Jersey took the decision to prepare legislation aimed at enabling island pension administrators to look after the transferred UK pensions of individuals who have moved to a third country, it has shelved the draft law it had been working on.
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what hmrc was thinking
Paul Evans, managing director of Dubai-based, multi-jurisdictional QROPS administrator Brooklands Pensions, looks at what HMRC was thinking when it tightened up the QROPS regulations
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mfsa brushes off fears of qrops influx
The chairman of the Malta Financial Services Authority has denied that a wave of QROP schemes are planning to relocate to the jurisdiction.
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gibraltar parliament paves way for qrops
The Gibraltar Parliament has paved the way for QROPS to return to the jurisdiction, by approving proposed amendments to its income tax legislation that, officials say, will satisfy the concerns of Britains tax authorities.