Guernsey is in turmoil following the delisting of the majority of its QROP pension providers by HMRC. One trust company informed me that 500 pending cases had automatically fallen of their books overnight.
Malta is currently being inundated with transfer requests and looks set to profit from the HMRC ruling.
The British Government has taken a hard line regards QROPS in an effort to avoid the outflow of monies from UK pensions which has vastly exceeded their expectation since the introduction of QNUPS rules.
Mark Paine
Meyado
www.meyado.com.sg
