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

Advisers urged to remain 'alert' as LPA financial misconduct complaints rise

Advisers urged to remain 'alert' as LPA financial misconduct complaints rise

Alleged LPA financial misconduct complaints rose to almost 12,000

Sophia Panayi
clock 12 October 2026 • 3 min read
News editor's view: Taxing questions for advisers

News editor's view: Taxing questions for advisers

The news editor's Friday Night Takeaway from 9 October

Isabel Baxter
clock 09 October 2026 • 2 min read
Why the new chancellor must rebalance growth and consumer protection

Why the new chancellor must rebalance growth and consumer protection

'Healy should re-empower the FCA to unleash the full potential of Consumer Duty'

James Daley
clock 09 October 2026 • 3 min read