STM extends fee waiver for new Rops
Cross border financial services provider STM Group, has extended its offer of a zero establishment fee for new Rops customers until 31 March 2017.
ROPS
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Global Qrops is the latest to rebrand amid dampening appetite
UK-headquartered Global Qrops has rebranded as bdhSterling amid similar moves by other firms that may signal a dampening appetite for recognised overseas pension schemes (Rops).
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STM launches Australian expat super fund
The STM Group has launched a Gibraltar-based Australian superannuation scheme targeted at the expat market as part of a broader move into Australia’s retirement market.
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UK mulls scrapping advice rule for overseas pension transfers
The UK’s Department for Work and Pensions (DWP) is considering whether to scrap the ‘advice safeguard’ for expats, which requires individuals to consult an FCA-regulated adviser before they can transfer their defined benefit (DB) pension savings into an overseas pension scheme.
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STM to buy London & Colonial, Rops fee waiver impacts results
STM Group has entered into a conditional agreement to acquire UK Sipp provider London & Colonial and its subsidiaries for nearly £5.4m ($7.2m, €6.4m).
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Rops harder to sell post-pension freedom, say providers
Sales of recognised overseas pension schemes (Rops) are taking a hit following the UK’s pension freedoms introduced last year, made worse by an FCA rule requiring British expats to seek regulated advice for defined-benefit pension transfers.
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IVCM targets int’l investors with relaunched New Zealand Rops
IVCM, formerly Brooklands Pensions, is reopening its New Zealand recognised overseas pension scheme (Rops) and will include funds managed by Emirates NBD Asset Management and Vanguard Investments Australia.
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Australia QROPS in ‘strong demand’ as more join HMRC list
Three more Australia-based pension schemes have been added to HM Revenue & Customs’ list of recognised overseas pension schemes (ROPS), but no publicly available ROPS are yet included.
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HMRC scraps thousands of QROPS from overseas pensions list
HM Revenue & Customs has dropped thousands of QROPS from its recognised overseas pension schemes (ROPS) list, with Australian schemes faring the worst.