Each month, we ask our industry to answer one big question!
Brendan Harper is technical services manager at Friends Provident International A: QROPS (Qualifying Recognised Overseas Pension Scheme) is a non-UK registered pension scheme that can accept a transfer value from a UK registered pension scheme. A scheme will be a QROPS if it fulfils quite detailed criteria set down in the Finance Act 2006 and associated regulations, and has been registered with HMRC and agrees to provide certain information. A list of QROPS is published on HMRC's website (but only includes those schemes that have agreed to have their details published). When first intro...
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