Written Question·Treasury·UIN 31348

Pensions: Fraud

Tabled: 12 February 2025
Answered: 27 February 2025

Question

Anna Gelderd

LabourSouth 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 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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