Pensions opportunities and skills
Last week saw a day of working sessions to build up expertise in the area of pensions. "Gibraltar has risen to be one of the top pension fund administraton jurisdictions over the last 18 months...
Gibraltar to enter QNUPS market
Pension fund administrators in Gibraltar will soon be able to offer qualifying non-recognised UK pension schemes (QNUPS) to individuals with UK tax obligations who have left the UK for good, reports International Adviser.
Following consultations with the Gibraltar Association of Pension Fund Administrators (GAPFA) and HM Revenue & Customs, the Gibraltar government is planning imminently to tweak its legislation to enable QNUPS structures to be set up for the first time in the British overseas territory, according to an announcement released today...
Gibraltar strengthens position on international pensions
Pension professionals in Gibraltar will soon be able to offer Qualifying Non-UK Pension Schemes (QNUPS) from Gibraltar. The Gibraltar Government has, in consultation with the Association of Pension Fund Administrators (GAPFA), worked to enable the sector to offer Gibraltar QNUPS. Discussions then took place between the Government of Gibraltar and HM Revenue and Customs (HMRC) in the United Kingdom.
Albert Isola, Minister for Financial Services said: "This really is good news. The ability to provide QNUPS from Gibraltar builds on the success of our QROPS business established over the past 18 months."
The minister thanked Senior Executive Michael Ashton for his efforts in delivering this important product for Gibraltar and also his predecessor, Gilbert Licudi, for the initiative and support he provided in the introduction of the earlier QROPS initiative, which this now follows.
Gibraltar Qualifying Non-UK Schemes (QNUPS) now confirmed
The Gibraltar Association of Pension Fund Administrators (GAPFA) once again welcomes the further initiatives taken by the Gibraltar Government to encourage international pensions to be administered by Gibraltar regulated Trustees.