Retrospective QROPS changes could catch NZ advisers out

David Maida | financialalert | 26 January 2012

Authorised Financial Advisers (AFAs) who work in the UK pension transfer space may start receiving a lot of phone calls if a new law is passed in the UK.

The new law, slated to be introduced on 6 April 2012, would require any New Zealand QROPS (Qualifying Recognised Overseas Pension Scheme) to report all taxable events to Her Majesty's Revenue and Customs (HMRC) in the UK, as well as track every scheme member's residential address and telephone numbe...