QROPS: what you need to know

PENSIONS

clock

Almost a year on from changes to the QROPS rules, Rachael Griffin, head of technical marketing at Skandia, examines how the product landscape has changed.

Qualifying registered overseas pension schemes (QROPS) have been a hot topic in the international pension arena. In 2006, changes in legislation made it easier for clients with UK pension schemes to transfer them overseas. This, in turn, led to the development of a QROPS industry and an increase in UK pension transfers abroad – estimated to be £467m in 2009/2010 (AJ Bell). In December 2011, HMRC announced a number of changes that would firm up the rules and ensure that they work as it had originally intended. Following consultation, these came into effect on the 6 April 2012. New rule...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

FCA proposes overhaul of client categorisation rules

FCA proposes overhaul of client categorisation rules

In response to industry calls for a more flexible regime

Sahar Nazir
clock 08 December 2025 • 2 min read
Barclays weighs bid for £2.5bn Evelyn Partners as major banks circle – report

Barclays weighs bid for £2.5bn Evelyn Partners as major banks circle – report

NatWest and Lloyds Banking Group reportedly among firms considering offers

Sahar Nazir
clock 08 December 2025 • 1 min read
Andrew Goodwin on the Budget: Three key lessons for advisers

Andrew Goodwin on the Budget: Three key lessons for advisers

'Pretty much everybody has taken a hit'

Andrew Goodwin
clock 08 December 2025 • 4 min read