Written Question·Treasury·UIN 31343

Pensions: Fraud

Tabled: 12 February 2025

Answered: 27 February 2025

Question

Anna Gelderd

To ask the Chancellor of the Exchequer, what steps her Department is taking with the Financial Conduct Authority to (a) investigate and (b) address (i) fraudulent activity linked to Qualified Recognised Overseas Pension Schemes and (ii) the financial impa

Answer

Emma Reynolds

A qualifying recognised overseas pension scheme (QROPS) is the name for any pension scheme located outside the UK which meets the criteria to receive transfers of UK tax relieved pension savings. Where the overseas pension scheme has broadly similar tax c...

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