momentum offers lite qrops for smaller pension

momentum offers lite qrops for smaller pension...

Momentum Pensions has introduced a “lite” charging structure on both its Malta and Isle of Man QROPS.

Published : 15, Jan 2013
expat pensioners may see fuel allowance

expat pensioners may see fuel allowance

Well off pensioners and those living in warm climates abroad will no longer be protected against austerity measures in the UK after the next election, as senior Conservatives prepare to end their pledge to protect universal benefits, according to an article in today’s Financial Times.

Published : 9, Jan 2013
momentum launches iom qrop scheme

momentum launches iom qrop scheme

Momentum Pensions, the pensions provider which has operations in both the Isle of Man and Malta, has launched into the open market an IoM QROPS that it says will compliment and replicate its existing Malta-based qualifying recognised overseas pension scheme.

Published : 7, Jan 2013
2012 the retirement year in numbers

2012 the retirement year in numbers

An insight into the financial hopes of people living in the UK during the course of 2012, courtesy of Prudential.

Published : 18, Dec 2012
relief as treasury makes only minor changes

relief as treasury makes only minor changes

The global QROPS industry breathed a collective sigh of relief this morning as HM Treasury released a Draft Finance Bill that contained only a relatively minor increase in reporting requirements for administrators of overseas pension schemes.

Published : 11, Dec 2012
sovereign launches its first malta qrops and lite

sovereign launches its first malta qrops and lite...

Sovereign has launched a new Malta-domiciled QROPS, its first based in the jurisdiction, as well as a “lite” version of its Gibraltar based Calpe Retirement Benefit Scheme.

Published : 10, Dec 2012
new zealand qrops face potential 33 tax rate

new zealand qrops face potential 33 tax rate

Pension transfers from overseas schemes into New Zealand, including QROPS, may be subject to an “effective tax rate” of up to 33% if proposed changes to the country’s tax legislation go ahead.

Published : 30, Nov 2012
new zealands evergreen qrops temporarily

new zealands evergreen qrops temporarily

The Evergreen Retirement Trust, a registered New Zealand superannuation scheme which benefits from being classified as a QROPs, has been “temporarily suspended” from HM Revenue & Custom’s list of such qualifying recognised overseas pension schemes, trust director Simon Swallow today confirmed.

Published : 28, Nov 2012
kleinwort benson sells former close qrops business

kleinwort benson sells former close qrops business...

Kleinwort Benson is to sell all of the offshore retail and pensions trust business it acquired from Close Brothers in 2011 to QROPS and QNUPS specialist, Overseas Trust and Pension.

Published : 27, Nov 2012
mc trustees malta qrops reopens for business

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.

Published : 24, Nov 2012
gibraltar schemes multiply as island prepares

gibraltar schemes multiply as island prepares

A steady stream of new QROPS have been launched out of Gibraltar since the jurisdiction passed “QROPS friendly” pension legislation earlier this year.

Published : 22, Nov 2012
pru intl unveils rdr ready replacements

pru intl unveils rdr ready replacements

Prudential International has pulled the wraps off the RDR-ready versions of its International Prudence Bond (IPB) and Portfolio Account (PA) its two main offshore bond products ahead of the 1 January 2013 implementation of the Retail Distribution Review.

Published : 5, Nov 2012
international pensions forum south africa 2012

international pensions forum south africa 2012...

Last week International Adviser held its second annual International Pensions Forum South Africa in Cape Town.

Published : 18, Oct 2012
gibraltar pension funds group unveils qrops

gibraltar pension funds group unveils qrops

An association of pension fund administrators in Gibraltar has pulled the wraps off a new code of conduct it says is to be mandatory for companies seeking to administer UK pension schemes transferred to the British overseas territory.

Published : 18, Oct 2012
gibraltar minister licudi warns onus will be on

gibraltar minister licudi warns onus will be on...

Gibraltar’s minister for financial services, Gilbert Licudi, said the onus will be on QROPS providers to ensure their schemes are compliant with HMRC rules, after its government passed legislation earlier this year to allow the schemes to go ahead.

Published : 16, Oct 2012
qrops generate 72 million in fees for ifas

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.

Published : 16, Oct 2012
gibraltar announces qrops status confirmed

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.

Published : 2, Sep 2012
fsa warns over website offering qrops advice

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.

Published : 21, Aug 2012
questions asked as hmrc removes all cyprus

questions asked as hmrc removes all cyprus

HM Revenue & Customs last week removed all Cyprus based QROPS from its list of registered schemes - raising questions about why it did so and what HMRCs intention is towards the QROPS market.

Published : 16, Aug 2012
provider warns over qnups abuse dangers

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.

Published : 9, Aug 2012

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