The case for QROPS and QNUPS

Traditionally offshore bonds have been the underlying investment of choice when it comes to QROPS. The reasons for this are two-fold. Firstly, and prior to the advent of platforms, offshore bonds provided advisers with a competitive and effective trading vehicle. Secondly, they also offered overseas advisers an opportunity to benefit from an additional commission payment. This was made possible by the fact that traditionally offshore advisers have not been under the same regulatory requirements as their UK counterparts - especially in terms of commission disclosure. However, in mor...