Retirement

QROPS List – February 15, 2015

It’s business as usual in the world of Qualifying Recognised Overseas Pension Schemes (QROPS) as another seven open in the past two weeks.

This boosted the worldwide number of QROPS to a new peak of 3,673 pensions, up from 3,667 two weeks ago and 3,314 a year ago, according to the latest QROPS List published by HM Revenue & Customs (HMRC).

Six schemes opened in Australia, taking the number based there up to 1,609, and one in Jersey, which now has 140 QROPS.

Leading QROPS centres

One closed in Hong Kong, leaving three open in the former British colony.

Australia now has a 43% market share by number of QROPS, followed by Ireland with 21% and the Isle of Man with 6%.

Between them, these three leading financial centres take 70% of the market by number of pensions.

HMRC does not reveal the amount of money invested in a financial centre or individual QROPS schemes.

HMRC is due to publish the next QROPS List on March 1, 2015.

QROPS List - February 15, 2015
Financial jurisdictionFebruary 1, 2015February 15, 2015
Australia16041609
Austria1111
Barbados22
Belgium2424
Bulgaria33
Canada9494
Czech Republic33
Denmark99
European Union11
Falkland Islands11
Finland33
France3737
Germany5555
Gibraltar4545
Greece11
Guernsey8889
Hong Kong43
Hungary11
Iceland33
India1212
Ireland779779
Isle of Man231231
Italy4949
Jamaica22
Jersey139140
Kenya11
Kosovo11
Latvia33
Liechtenstein44
Luxembourg1010
Malta2222
Mauritius22
Netherlands119119
New Zealand5959
Norway88
Portugal2323
Russian Federation11
South Africa3232
Spain1616
Sri Lanka11
Sweden77
Switzerland139139
Trinidad22
Turkey33
USA1313
Number of QROPS:36673673
Source: HMRC

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