Qrops
Experts react to biggest ever QROPS changes
Pension experts have reacted favourably to HM Revenue & Customs draft legislation proposing full flexibility for QROPS, describing the news as the biggest change to the schemes since they came into play.
QROPS to receive full flexibility
HM Revenue & Customs last week issued draft legislation to allow QROPS schemes the same flexibility in drawing pension benefits as will apply to UK pensions from 6 April.
Jersey enters the QROPS market
Trustees in Jersey are now able to offer non-residents access to QROPS, after amendments to the jurisdictions pension regime came into force yesterday.
United Kingdom | 5 Dec 14
Flexibility for QROPS in doubt as new pension
Questions remain over whether or not the full flexibility of the UKs new pension rules will be afforded to QROPS after the Taxation of Pensions Bill passed through the House of Commons earlier this week.
QROPS clarity remains undelivered
Anticipated clarification around exactly how and whether QROPS will be included in the new Pension Flexibility rules to be introduced in April 2015 were missing from todays Autumn Statement.