HMRC has confirmed the list of Recognised Overseas Pensions Schemes (ROPS) notifications has been updated.
This is a list of schemes which have asked for and had confirmed they meet the conditions to be a ROPS and requested addition to being included on the list by HMRC. The list has been updated with 14 schemes added and three have been removed.
An updated list of ROPS notifications is published on the first and 15th day of each month. If this date falls on a weekend or UK public holiday the list will be published on the next working day.
Sometimes the list is updated at short notice to temporarily remove schemes while reviews are carried out, for example, where fraudulent activity is suspected.
The requirements to be a ROPS changed from 6 April 2017. You’ll need to check that the scheme you’re transferring to on or after that date meets the new requirements.
Please click here to view the ROPS list
