Over the borderline

One of the areas of pension planning that has grown considerably over the last few years has been that of Qualifying Recognised Overseas Pension Schemes (QROPS). The current regime is still complicated and is still to develop fully but recent developments have included the continuing negotiations to get Gibraltar on to the list of approved QROPS jurisdictions and into the similar position of Malta. But what are QROPS for? Is it a regime to facilitate the movement of pensions for individuals who decide to leave the UK permanently or is it a regime to allow the unlocking of pension mone...