qrops are for migrant workers pensions

qrops are for migrant workers pensions

Pension industry experts today expressed surprise over the wording of newly-issued clarification by HM Revenue & Customs, of its decision to leave hundreds of QROP schemes off of its revised QROPS list last month.

Published : 9, May 2012
hmrc breaks silence on 310 axed qrops

hmrc breaks silence on 310 axed qrops

HM Revenue & Customs has at last broken its silence on its unexpected decision last month to remove all but three Guernsey QROPS from its list of registered schemes, which was published on 12 April and which has seen Guernseys previously booming QROPS industry brought to a jolting halt.

Published : 8, May 2012
nigel green individuals must take responsibility

nigel green individuals must take responsibility...

Individuals should take greater personal responsibility for their own finances, according to Nigel Green, chief executive of international intermediary firm deVere Group.

Published : 4, May 2012
gapp considers formal complaint against hmrc

gapp considers formal complaint against hmrc

The chairman of the Guernsey Association of Pension Providers has confirmed the body may consider making a formal complaint against HM Revenue & Customs in response to its decision to de-list more than 300 of the jurisdiction's QROP Schemes.

Published : 3, May 2012
iom pensions provider bw oakfield buys rival

iom pensions provider bw oakfield buys rival

BW Oakfield Group, an Isle of Man pensions and QROPS provider, has acquired an IoM rival, Momentum Pensions, and a controlling interest in Momentums Maltese operation.

Published : 29, Apr 2012
world first in depth study of qrops

world first in depth study of qrops

Rex Cowley, principal of New Dawn Consultancy & Research is predicting a new playing field for QROPS providers as he publishes the first definitive study on this evolving area of the international pensions market.

Published : 27, Apr 2012
Isle of Man pension association commends

Isle of Man pension association commends

The Isle of Mans pension association has said close cooperation between its public and private sectors and a wait-and-see approach has meant the island has emerged almost unscathed from recent changes to HM Revenue & Customs QROPS list.

Published : 23, Apr 2012
tmfs maltese melita qrops available via platform

tmfs maltese melita qrops available via platform...

Platform One, a relatively new UK-based investment platform aimed at advisers with high net worth clients, has agreed a deal with TMF Group whereby its clients may access TMFs Melita QROP scheme, administered out of Malta.

Published : 17, Apr 2012
guernsey finance reacts to unjust attack

guernsey finance reacts to unjust attack

Guernsey Finance has reacted angrily to the decision by HM Revenue & Customs to de-list nearly all of the islands QROPS last week, calling it an unjust attack on the jurisdiction.

Published : 16, Apr 2012
tmf hires as it prepares launch of intl pension

tmf hires as it prepares launch of intl pension...

TMF International Pensions has appointed international employee benefit expert Grant Armstrong, as it prepares to launch a new range of offshore pension products.

Published : 16, Apr 2012
isle of man govt goes public on loss of 50c QROPs

isle of man govt goes public on loss of 50c QROPs...

The Isle of Man government has expressed disappointment that its 50c pension schemes can no longer be QROPs.

Published : 13, Apr 2012
pension providers hmrc targeted guernsey

pension providers hmrc targeted guernsey

An association representing Guernseys pension providers this evening issued a statement saying it was extremely disappointed at the way an HMRC review of QROPS providers had caused the number of the islands qualifying recognised overseas pension schemes to drop to three from 312, with the publication of its latest list, and called for clarification as a matter of urgency.

Published : 12, Apr 2012
310 guernsey qrops off new hmrc list

310 guernsey qrops off new hmrc list

HM Revenue & Customs has published an updated list of registered QROPS, which confirms the de-listing of the majority of Guernsey schemes.

Published : 12, Apr 2012
jerseys plans for non res qrops on hold

jerseys plans for non res qrops on hold

Jerseys plans to make it possible to transfer the UK pensions of non-Jersey residents to the island have been placed on hold, pending discussions with HM Revenue & Customs.

Published : 12, Apr 2012
qrops industry surprised by HMRC Guernsey move

qrops industry surprised by HMRC Guernsey move...

News that HM Revenue & Customs is taking a harder line with third country UK pension transfers to Guernsey has been met with surprise by many in the QROPS industry but possibly not as much as might be expected.

Published : 11, Apr 2012
guernsey pension providers call for clarification

guernsey pension providers call for clarification...

The association representing Guernsey's pension providers has expressed concern over a surprise revelation that HM Revenue & Customs will only permit Guernsey pension schemes which cater for Guernsey residents to appear on its revised list of QROPS providers.

Published : 10, Apr 2012
QROPS only to be for residents, Guernsey says

QROPS only to be for residents, Guernsey says

HMRC has informed Guernsey officials that going forward, Guernsey pension providers will only be permitted to accept transfers of the UK pensions of Guernsey residents, a Guernsey government statement has revealed.

Published : 10, Apr 2012
jersey finally lodges qrops legislation

jersey finally lodges qrops legislation

Jersey authorities today finally lodged legislation that is designed to pave the way for the UK pensions of non-Jersey residents to be transferred there.

Published : 4, Apr 2012
HMRC formally issues QROPS guidance

HMRC formally issues QROPS guidance

HM Revenue & Customs yesterday published a 21-page QROPS guidance paper that bore an uncanny resemblance to a 19-page document that, briefly, appeared on the Revenues website earlier this month.

Published : 29, Mar 2012
boal co to temporarily de list trinity qrops

boal co to temporarily de list trinity qrops

Isle of Man-based Boal & Co. is to temporarily de-list its Trinity QROPS as a result of changes to the QROPS legislation published last week.

Published : 29, Mar 2012

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