The global Qualifying Recognised Overseas Pension Scheme (QROPS) market has seen a flurry of activity in the past two weeks.
The latest HM Revenue and Customs (HMRC) QROPS List shows 25 new offshore pensions and four delisted – plus the addition of a new financial jurisdiction.
Finland is added to the list with a single QROPS, the first time the country has figured since June 2015.
Meanwhile, Australia has seen 18 new pensions in 15 days, taking the country total to 270 QROPS.
Four pensions delisted
New Zealand added three QROPS, with Finland, Guernsey, Ireland and the Netherlands all opening a single pension each.
Canada, Germany, the Isle of Man and Portugal all had a single QROPS delisted each.
The QROPS List details the QROPS pensions in each country. Figures are not available for membership levels or the amount invested in each scheme.
HMRC plans to publish the next QROPS List on August 1, 2016.
For more information about QROPS and the benefits it provides, download the iExpats QROPS Guide or complete the Get Advice form.
QROPS List By Financial Jurisdiction
| Financial jurisdiction | No of QROPS |
|---|---|
| Australia | 226 |
| Austria | 8 |
| Barbados | 1 |
| Belgium | 14 |
| Bulgaria | 2 |
| Canada | 65 |
| Czech Republic | 2 |
| Denmark | 4 |
| European Union | 1 |
| France | 12 |
| Germany | 32 |
| Gibraltar | 48 |
| Greece | 1 |
| Guernsey | 138 |
| Hong Kong | 13 |
| Hungary | 1 |
| Iceland | 1 |
| India | 11 |
| Ireland | 90 |
| Isle of Man | 210 |
| Italy | 20 |
| Jamaica | 1 |
| Jersey | 87 |
| Kenya | 1 |
| Kosovo | 1 |
| Latvia | 3 |
| Liechtenstein | 3 |
| Luxembourg | 4 |
| Malta | 25 |
| Mauritius | 1 |
| Netherlands | 64 |
| New Zealand | 31 |
| Norway | 6 |
| Portugal | 4 |
| South Africa | 12 |
| Spain | 2 |
| Sri Lanka | 1 |
| Sweden | 6 |
| Switzerland | 1 |
| Turkey | 2 |
| United States of America | 2 |
| Total: | 1157 |
Source: HMRC
The table shows the net number of schemes, accounting for new listings and removals since the publication of the last list.
