The ROPS list is a must-read for all UK payroll and pensions professionals. It is updated twice-monthly on the 1st and the 15th of the month, though this will change if those dates fall on a weekend or Bank Holiday. However, sometimes HMRC will update the List at other times ‘to temporarily remove schemes while reviews are carried out, for example where fraudulent activity is suspected’. The ROPS list contains details of all overseas pension schemes that have advised HMRC they want to be included on it. ‘Recognise’ indicates that HMRC recognise the overseas pension scheme as being one that is eligible to receive transfers of UK pension benefits.

The ROPS list is a must-read for all UK payroll and pensions professionals.  It is updated twice-monthly on the 1st and the 15th of the month, though this will change if those dates fall on a weekend or Bank Holiday.

This was the case at the start of February 2020 when it should have been updated on 03 February 2020 but this was postponed until 05 February 2020.  However, this was advised to us previously via the January Pensions Schemes Newsletter (116).

Sometimes, however, HMRC will update the List at other times ‘to temporarily remove schemes while reviews are carried out, for example where fraudulent activity is suspected’.

The ROPS list contains details of all overseas pension schemes that have advised HMRC they want to be included on it.  ‘Recognise’ indicates that HMRC recognise the overseas pension scheme as being one that is eligible to receive transfers of UK pension benefits.

The ROPS List 05 February 2020

The Gov.UK update notification says that 18 schemes have been added.  Until the time that HMRC provides information in the update section, for the benefit of the payroll and pension professions, here are the details that are not currently provided publicly and are being overwritten 2 weeks later.

The updated list from 05 February 2020 contains the following changes from the ROPS List published 15 January 2020:

Added

The 18 schemes added are:

  1. Australia – Ashby Super Fund
  2. Australia – Banksia Tree Superannuation Fund
  3. Australia – Deb & Marty Superannuation Fund
  4. Australia – Duncan Super SMSF
  5. Australia – Gilhooley Super Fund
  6. Australia – Greg Potts Superannuation Fund
  7. Australia – Hanson Johnston Superannuation Fund
  8. Australia – Hatters Superannuation Fund
  9. Australia – KM Daley Super Fund
  10. Australia – LM Darrington Superannuation Fund
  11. Australia – Louise Falkov Retirement Fund
  12. Australia – McGowan Superannuation Fund
  13. Australia – ND & DM Robertson Super Fund
  14. Australia – PJW Super Fund
  15. Australia – Stephenson Family Super
  16. Australia – White Frythe Fund
  17. Ireland – Andrew Robertson Low Pension Trust
  18. Switzerland – Independent Freizuegigkeitsstiftung
Removed

There are 2 removals as follows:

  1. Isle of Man – JBD Personal Pension Scheme
  2. Jersey – Sebastian-Capel Investments Ltd
Updated

There are no changes.

 

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