Written Question·Treasury·UIN 31348
Pensions: Fraud
Tabled: 12 February 2025
Answered: 27 February 2025
Question
Anna Gelderd
Labour — South East Cornwall
To ask the Chancellor of the Exchequer, whether her Department has plans to review the regulatory framework for the qualifying recognised overseas pension scheme including the role of the Financial Conduct Authority.
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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