QROPS picture still murky

 It may be several more weeks before it becomes clear how tough new regulations on UK pension transfers have affected New Zealand’s QROPS market. QROPS (Qualifying Recognised Overseas Pension Schemes) allow the transfer of tax-advantaged UK pension funds to approved...

Catch-22 for New Zealand QROPS providers

Tough new rules for UK-New Zealand pension transfers will go ahead largely unchanged, despite strong lobbying from New Zealand’s financial services industry. Good Returns reported last year on proposed changes to the Qualifying Recognised Overseas Pension...

Crackdown on UK-NZ pension transfers

New Zealand has been targeted in a UK crackdown on overseas pension transfers, leaving providers in a race against time to comply with the proposed new rules. The UK’s tax department Her Majesty’s Revenue and Customs (HMRC) has proposed big changes to the...