STM sees bumper July following Qrops fee waiver
Waiving the establishment fee for new qualifying recognised overseas pension schemes (Qrops) saw STM Group’s new business applications hit their highest level for 12 months in July.
Qrops
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Ireland’s ITC expands into Malta with Qrops and EU-wide pension
Irish pension trustee firm ITC International Pensions has moved into Malta with the launch of a new Qrops offering as well as the first commercially available EU-wide workplace pension scheme on the island.
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Malta amends tax rules to clarify Qrops 30% transfer limit
Malta’s government has amended its income tax rules to make clear that savers can still take a 30% pension commencement lump sum (PCLS) when they transfer their pension pot into a Qrops registered on the island, after “significant lobbying” efforts by specialist provider Momentum Pensions.
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Qrops provider unveils new product for offshore bond market
Malta-based Integrated Capabilities has launched a new Qrops product specifically designed to allow savers to invest in the offshore bond market.
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The post-Brexit Qrops landscape
International pensions such as Qrops are certainly going to feel the economic impacts of the UK’s decision to leave the European Union, but there will also be many other effects on these products, says David White, a founding partner at The QROPS Bureau.
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Brexit vote may call for early move into Qrops, says OMW
The real possibility that rules surrounding offshore pension transfers could change following the outcome of the UK’s EU referendum means advisers considering such a move for their clients may be wise not to delay, says Darren Jones, head of technical sales for Old Mutual International, part of Old Mutual Wealth.
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Business as usual for Qrops, says STM
UK citizens will still be able to transfer their pensions to Europe via a qualifying recognised overseas pension scheme (Qrops) despite Britain voting to leave the European Union, says Alan Kentish, interim chief executive of STM Group.
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L&C to fund new acquisition with management buyout
Qrops provider London & Colonial (L&C) is planning a management buyout of its business in order to help fund new acquisitions, the company has confirmed.
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Qrops specialist Momentum launches free transfer UK Sipp
Malta-based pension specialist Momentum Pensions has launched a self-invested pension product (Sipp), giving the firm’s 5,000 expat clients the option to switch their Qrops, for free, into a Sipp, should they decide to move back to the UK.
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How to maximise pension benefits with Qrops – Boal & Co
Successful investment leading up to pension age plays a significant role in retirement outcome but taking full advantage of the taxation benefits available can equally help maximise an expat’s position.
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African dream: a profile of Carrick Wealth
Craig Featherby’s start-up, Carrick Wealth, has hit the ground running, benefiting from South Africa’s burgeoning offshore funds market. He shares his inside view on the country’s current economic troubles.
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UK allowance changes drive retirement plan demand: Boal & Co
John Batty, technical sales manager at Boal & Co, looks at the current offshore retirement funding solutions and how they work for UK residents in light of recent regulatory changes.