New Zealand QROPS status under threat

The company reports a new provision in the proposed pensions bill decrees local pension schemes may only be open to New Zealand residents.  If such a proposal were to go ahead, New Zealand's eligibility as a QROPS jurisdiction would come under threat. Premier Pensions Solutions said the proposals fly in the face of the upcoming  tax-free treatment of New Zealand superannuation funds for non-New Zealand residents. This legislation is currently in its final stages of parliamentary scrutiny before passing into law in the coming weeks.  "So we could have a highly attractive jurisdictio...