Australia is marching on to consolidate the leading place in the worldwide Qualifying Recognised Overseas Pension Scheme (QROPS) market.
Australia now has a commanding market share of almost 44% based on the number of QROPS pensions listed.
Out of 415 pension schemes opening in the past 12 months, 297 have been in Australia, according to the latest HM Revenue & Customs (HMRC) QROPS List.
Ireland takes second place with a 22% market share,
while way back in third is the Isle of Man with 6%.
These three QROPS centres account for 70% of all the pensions listed by HMRC – a proportion that has steadily increased over the year.
Out of 45 QROPS centres, the top 10 have a 90% market share and account for 3,292 of the listed 3,650 pensions.
| Top 10 QROPS Tables - January 15, 2015 | ||
|---|---|---|
| Count of QROPS pensions | ||
| Values | ||
| Jurisdiction | January 15, 2014 | January 15, 2015 |
| Australia | 1299 | 1596 |
| Ireland | 738 | 779 |
| Isle of Man | 231 | 228 |
| Switzerland | 135 | 139 |
| Jersey | 136 | 139 |
| Netherlands | 107 | 116 |
| Canada | 99 | 94 |
| Guernsey | 58 | 87 |
| New Zealand | 55 | 59 |
| Germany | 56 | 55 |
| Total: | 2914 | 3292 |
| Source: HMRC | ||
| Note: These are net figures after listings and delistings | ||
| Market share by number of QROPS | ||
| Jurisdiction | January 15, 2014 | January 15, 2015 |
| Australia | 39.80% | 43.73% |
| Ireland | 22.61% | 21.34% |
| Isle of Man | 7.08% | 6.25% |
| Switzerland | 4.14% | 3.81% |
| Jersey | 4.17% | 3.81% |
| Netherlands | 3.28% | 3.18% |
| Canada | 3.03% | 2.58% |
| Guernsey | 1.78% | 2.38% |
| New Zealand | 1.69% | 1.62% |
| Germany | 1.72% | 1.51% |
| Total: | 89.28% | 90.19% |
| Source: HMRC | ||
| Note: These are net figures after listings and delistings | ||
| QROPS additions | ||
| Jurisdiction | Change since January 15, 2015 | |
| Australia | 297 | |
| Ireland | 41 | |
| Guernsey | 29 | |
| Gibraltar | 11 | |
| Netherlands | 9 | |
| New Zealand | 4 | |
| Switzerland | 4 | |
| Jersey | 3 | |
| Malta | 2 | |
| Italy | 2 | |
| Latvia | 2 | |
| Liechtenstein | 2 | |
| South Africa | 1 | |
| Denmark | 1 | |
| Belgium | 1 | |
| Austria | 1 | |
| Norway | 1 | |
| Luxembourg | 1 | |
| Falkland Islands | 1 | |
| Kosovo | 1 | |
| Kenya | 1 | |
| Total: | 415 | |
| Source: HMRC | ||
| Note: These are net figures after listings and delistings | ||
| Unlisted QROPS | ||
| Jurisdiction | Change since January 15, 2015 | |
| India | -14 | |
| Canada | -5 | |
| France | -3 | |
| Isle of Man | -3 | |
| Germany | -1 | |
| Sweden | -1 | |
| Total: | -27 | |
| Source: HMRC | ||
| Note: These are net figures after listings and delistings | ||
