South Africa still open for Rops
Removal of the last recognised overseas pension scheme from UK list has not closed the door
Removal of the last recognised overseas pension scheme from UK list has not closed the door
The overhaul of the QROPS legislation last year substantially changed the landscape of the industry. Here Rex Cowley, principal of Newdawn Consultancy, explains what you should look for in a QROPS and how the jurisdictions differ.
Following the release of the second draft of QROPS legislation, there has been widespread concern about the future of the industry. Rex Cowley of Newdawn Consultancy & Research provides an overview of each QROPS jurisdiction and finds that its business as usual.
Rex Cowley, who served as the director of products and marketing at Close International prior to its acquisition by Kleinwort Benson in June, has left the company.
The recent pension legislation changes on the Isle of Man are a clear challenge to Guernsey.
Australia has abolished its Foreign Investment Fund regime, making QROPs advice trickier for IFAs
Jersey plans to enter the QROPS market as early as next January.
Close Brothers has lifted the trading suspension on its flagship offshore investment vehicle.
Close is opening its Guernsey Personal Retirement Plan to products from the life assurance industry.