The total number of Qualifying Recognised Overseas Pension Scheme (QROPS) providers worldwide is massive and ever growing. That is why the HMRC is constantly updating its list of providers that accept UK pension transfers according to their rules and regulations. If a scheme is on the list provided by the HMRC, it means that it is eligible for recognition and has asked to be publicly listed.
That being said, HMRC insists that the list is not to be interpreted as one that commends certain products over others. Consequently, it is vital to consult a QROPS pension transfer expert who can guide you through the plethora of options you need to choose from, and ultimately help you find the one best suited to you, before making any major financial decisions.
A QROPS adviser can help you choose the jurisdiction and scheme that match your requirements, depending on your situation, allowing you to make the most of your pension savings.
Please contact us if you are interested in a free consultation.