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

Tessa Lee: The invisible cost of poor client data

Tessa Lee: The invisible cost of poor client data

How can you improve data quality?

Tessa Lee
clock 23 July 2026 • 4 min read
Dean Proctor: Hopes and fears for the new PM and cabinet

Dean Proctor: Hopes and fears for the new PM and cabinet

Stability, simplicity and the chance to do things differently

Dean Proctor
clock 23 July 2026 • 5 min read
Should spousal maintenance be abolished? A modern perspective

Should spousal maintenance be abolished? A modern perspective

Making the case for abolition and retention

Amy Walpole and Karen Brennan
clock 22 July 2026 • 4 min read