Qrops
Old Mutual Int’l suffers amid sharp decline in Qrops sales
Old Mutual International saw a sharp drop in sales of qualifying recognised overseas pension schemes (Qrops) following the introduction of UK pensions freedoms in April last year.
Best Practice | 9 Aug 16
STM sees bumper July following Qrops fee waiver
Waiving the establishment fee for new qualifying recognised overseas pension schemes (Qrops) saw STM Group’s new business applications hit their highest level for 12 months in July.
Ireland’s ITC expands into Malta with Qrops and EU-wide pension
Irish pension trustee firm ITC International Pensions has moved into Malta with the launch of a new Qrops offering as well as the first commercially available EU-wide workplace pension scheme on the island.
Malta amends tax rules to clarify Qrops 30% transfer limit
Malta’s government has amended its income tax rules to make clear that savers can still take a 30% pension commencement lump sum (PCLS) when they transfer their pension pot into a Qrops registered on the island, after “significant lobbying” efforts by specialist provider Momentum Pensions.
Qrops provider unveils new product for offshore bond market
Malta-based Integrated Capabilities has launched a new Qrops product specifically designed to allow savers to invest in the offshore bond market.