Written Question·Treasury·UIN 31347
Pensions: Fraud
Tabled: 12 February 2025
Answered: 27 February 2025
Question
Anna Gelderd
Labour — South East Cornwall
To ask the Chancellor of the Exchequer, what steps HMRC is taking to (a) engage with victims of pension fraud linked to QROPS and (b) ensure that concerns about regulatory oversight are addressed.
Answer
Emma ReynoldsA 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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