The very latest thinking on Qualifying Recognised Overseas
Pension Schemes (QROPS) will be examined at a series of seminars to
be hosted by Guernsey across the UK this autumn.
Guernsey has already held two QROPS events in London during the
past nine months and it is now planning masterclasses in
Manchester, Bristol and Birmingham during September and October.
They will include an examination of recent developments such as the
introduction of Qualifying Non UK Pension Schemes (QNUPS).
Peter Niven, Chief Executive of Guernsey Finance – the
promotional agency for the Island's finance industry, said:
"Our two seminars in London were extremely well attended and
we received very positive feedback from delegates who showed a real
thirst for knowledge on the subject. Now we're looking to build
on these by rolling out similar seminars across other key financial
centres in the UK where we believe there is latent demand for
"We'll have a panel of experts on hand at each event to
take the audience right through from the foundation stages to the
very latest thinking on QROPS such as recent developments like the
introduction of QNUPS. They will be tackling a wide range of
issues, including some of the common myths associated with these
pension schemes and of course there will be a chance for the
audience to have their questions answered by Guernsey and UK
The event will include an update on the work by the Guernsey
Association of Pensions Providers (GAPP) to establish a code of
practice for its members. A working group is in the process of
drafting guidelines and it is hoped that a draft will be issued to
GAPP members for consultation around the time of the autumn seminar
Panellists at the events will include Richard Green, Deputy
Director of Income Tax for the States of Guernsey; Adrian Howe,
Pensions Director at Marlborough Pension Trustees and Stuart Place,
Marketing Director, Argyll Investment Services.
Also joining the sessions will be Richard Garrod, formerly Head
of Tax in Manchester at accountancy firm Mazars and now a Director
of Confiance in Guernsey; Jo Summers, Director at the London-based
PWT Advice; and Liz Hinchliffe, Pensions Technical Manager at
Pinsent Masons LLP.
Mr Niven added: "Since the introduction of the QROPS regime
in 2006 Guernsey has become the leading jurisdiction
providing this product. A key reason is the security that Guernsey
offers – we continue to be proactive in ensuring that our
schemes retain approval by HMRC.
"This strong relationship with HMRC is backed up by the
advantages offered by Guernsey schemes, such as the flexibility in
tax planning, investment choice and benefit drawdown, as well as
the experience and expertise of service providers and the
Island's reputation for legislation and regulation of the
"Attending this seminar provides a great opportunity to
hear from both Guernsey and UK experts, ask them questions and meet
face to face with local service providers from the
The events will take place as follows:
Wednesday 8th September 2010 – Midland
Wednesday 22nd September 2010 – Marriott
Royal Hotel, Bristol
Wednesday 13th October 2010 – Malmaison
Each will start at 4pm with the main presentations followed by a
Q&A session and then a drinks networking reception. The
Bachmann Group is sponsoring the drinks receptions during the
series and literature sponsors are Guernsey-based software
development company QTechSolutions.
For further information or to book a place, contact Jennifer
Baudains by email firstname.lastname@example.org,
telephone +44 (0) 1481 709763 or fax +44 (0) 1481 720091.
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