Guernsey QROPS Code of Conduct
Published / Last Updated on 27/04/2010
Guernsey QROPS Code of Conduct
by Ashley Clark, Director
The Guernsey finance services regulator is planning to establish a voluntary code of conduct for QROPS providers based in its jurisdiction.
QROPS is a Qualifying Recognised Overseas Pension Scheme where UK expatriates can transfer UK pensions to special overseas schemes.
The industry and Guernsey government body is currently in the early stages of putting together a working party, which will be drawn from providers, members of the local government and QROPS industry professionals. The code would seek to establish a transparent industry standard that consumers could trust.
A code of conduct would be ideal to give everyone a benchmark against which they work and it will also help purchasers of QROPS products be more confident. Standards are expected to be in place by June.
Learn more about QROPS.
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