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 updated list from 15 October 2019 contains the following changes from the ROPS List published 01 October 2019:
Added
The 19 schemes added are:
- Australia – Cooper Corporate Superannuation Fund
- Australia – Elman Superannuation Fund
- Australia – Hodgskins Superannuation Fund
- Australia – Hughes and Hughes Super Fund
- Australia – Julian Owens Super Fund
- Australia – Leeds MOT Superannuation Fund
- Australia – Lesley Fromant Superannuation Fund
- Australia – M & G Stebbings Superannuation Fund
- Australia – MRGough Super Fund
- Australia – PJ Hodgson Super Fund
- Australia – Red Dragon Superannuation Fund
- Australia – Richard Womack Super Fund
- Australia – Savill Family Superannuation Fund
- Australia – Stephen D Johns
- Australia – Tarnagulla
- Australia – Wagstaff Super Fund
- Canada – IA Clarington Investments Inc Retirement Savings Plan (QROPS)
- Jersey – Fiduchi International Retirement Trust Scheme
- Netherlands – TIBCO Software Services Netherlands BV by Brand New Day
Removed
The 3 schemes that have been removed from the list are:
- Guernsey – La Mirousse Retirement Annuity Trust Scheme
- Guernsey – Mazarron Retirement Annuity Trust
- New Zealand – NZ Endeavour Fund
Updated
There are no changes