Important News about Canadian QROPS
A review of Canadian QROPS and specifically their ability to meet the UK Pension Age Test was widened by the UK tax authorities (HMRC) on November 15th 2016. All Canadian QROPS bar three were suspended from the ROPS list at that time. The remaining three QROPS were removed on Feb 15th 2017 and presently there is no financial institution in Canada capable of conducting UK Pension Transfers. We are still able to help with all aspects of your UK State Pension but unfortunately not at this time with requesting QROPS paperwork for clients from the UK. Various Canadian providers are currently in consultation with HMRC to be added back onto the ROPS list but there are no firm timelines as to if/when this will happen. Please check back with us for updates.