All Canadian schemes removed from HMRC Rops list

UK pension transfers to Canada have been effectively blocked after the three remaining Canadian recognised overseas pension schemes (Rops) were removed from HM Revenue & Customs’ (HMRC) list on Wednesday.

Tax & Regulation | 14 Feb 17

UK bans directors of £1m carbon credit scam

The UK High Court has banned three directors who sold worthless carbon credits as part of a £1m ($1.25m, €1.17m) scam.

Retirement | 14 Feb 17

UK taxman shutting down online Rops service

HM Revenue & Customs (HMRC) will close its online service for managing recognised overseas pension schemes (Rops) on 5 April 2017, as it is no longer collecting the information the taxman needs.

Retirement | 14 Feb 17

Scam risk higher for small and overseas pension schemes

Overseas pensions and small self-administered schemes (Ssas) “present the greatest risk of being used as vehicles for scams”, the Pensions and Lifetime Savings Association (PLSA) has said.

Retirement | 13 Feb 17

Sipp complaints to ombudsman over risk suitability down 12%

Complaints about self-invested personal pension scheme (Sipps) investments not matching client risk appetites declined by a third over the past two years, according to new figures obtained by UK IFA firm Salisbury House Wealth.

United Kingdom