Places like Gibraltar, Malta, Guernsey and New Zealand trip off the tongue when advisers talk about Qualifying Recognised Overseas Pension Schemes (QROPS), but the iExpats QROPS Tracker is the only ranking of each financial centre by market share.
This exclusive tracker derived from the official HM Revenue & Customs QROPS list shows each QROPS centre by number of QROPS, change in number of pensions month-on-month and percentage market share.
The latest QROPS list was issued on January 1, 2014 – and little changed over the holiday period.
The table includes every listed QROPS in every financial centre worldwide providing the offshore pensions.
Where QROPS are based
The rankings reveals the top 10 QROPS nations have almost 90% market share by number of QROPS, the next 10 have nearly a 10% share and the rest – 22 financial centres – just over a 2% share.
Be wary of the figures – some QROPS are for single members, while others may have hundreds of investors.
HMRC is expected to publish the next QROPS list on January 15, 2014.
| QROPS – Top 10 Jurisdiction Tracker – January 1, 2014 | ||||
|
QROPS jurisdiction |
No of QROPS |
Since 15/12/2013 |
Market share by number of QROPS |
|
|
1 |
Australia |
1295 |
2 |
39.81% |
|
2 |
Ireland |
736 |
-3 |
22.63% |
|
3 |
Isle of Man |
230 |
-1 |
7.07% |
|
4 |
Jersey |
136 |
0 |
4.18% |
|
5 |
Switzerland |
135 |
-2 |
4.15% |
|
6 |
Netherlands |
106 |
0 |
3.26% |
|
7 |
Canada |
99 |
0 |
3.04% |
|
8 |
Germany |
56 |
0 |
1.72% |
| Guernsey |
56 |
1 |
1.72% |
|
|
10 |
New Zealand |
55 |
0 |
1.69% |
| Top 10 Total: |
2904 |
-3 |
89.27% |
|
| Remaining 32 QROPS jurisdictions |
349 |
15 |
10.73% |
|
| Total: |
3253 |
12 |
100% |
|
| QROPS – Jurisdiction Tracker 11-20 – January 1, 2014 | ||||
| QROPS jurisdiction | No of QROPS |
Since 15/12/2013 |
Market share by number of QROPS |
|
|
11 |
Italy |
47 |
0 |
1.44% |
|
12 |
France |
41 |
0 |
1.26% |
|
13 |
Gibraltar |
33 |
0 |
1.01% |
|
14 |
South Africa |
31 |
0 |
0.95% |
|
15 |
India |
26 |
-1 |
0.80% |
|
16 |
Portugal |
23 |
0 |
0.71% |
| Belgium |
23 |
1 |
0.71% |
|
|
18 |
Malta |
18 |
0 |
0.55% |
|
19 |
Spain |
16 |
0 |
0.49% |
|
20 |
USA |
15 |
0 |
0.46% |
| Total |
273 |
0 |
8.40% |
|
| QROPS – Jurisdiction Tracker 21-42 – January 1, 2014 | ||||
|
QROPS jurisdiction |
No of QROPS |
Since 15/12/2013 |
Market share by number of QROPS |
|
|
21 |
Austria |
10 |
0 |
0.31% |
|
22 |
Denmark |
8 |
0 |
0.25% |
| Luxembourg |
8 |
0 |
0.25% |
|
| Sweden |
8 |
0 |
0.25% |
|
|
25 |
Norway |
7 |
0 |
0.22% |
|
26 |
Hong Kong |
4 |
2 |
0.12% |
|
27 |
Bulgaria |
3 |
0 |
0.09% |
| Czech Republic |
3 |
0 |
0.09% |
|
| Finland |
3 |
0 |
0.09% |
|
| Iceland |
3 |
0 |
0.09% |
|
| Turkey |
3 |
0 |
0.09% |
|
|
32 |
Barbados |
2 |
0 |
0.06% |
| Jamaica |
2 |
0 |
0.06% |
|
| Liechtenstein |
2 |
0 |
0.06% |
|
| Mauritius |
2 |
0 |
0.06% |
|
| Trinidad & Tobago |
2 |
0 |
0.06% |
|
|
37 |
European Union |
1 |
0 |
0.03% |
| Greece |
1 |
0 |
0.03% |
|
| Hungary |
1 |
0 |
0.03% |
|
| Latvia |
1 |
0 |
0.03% |
|
| Russian Federation |
1 |
0 |
0.03% |
|
| Sri Lanka |
1 |
0 |
0.03% |
|
| Total |
76 |
2 |
2.33% |
|
| Grand Total: |
3253 |
-1 |
100.00% |
|
| Source: HMRC | ||||
