New Regulations Ensure Gibraltar Maintains its Status as a "Recognised" Jurisdiction for QROPS Pension Schemes
The Government of Gibraltar have published new pension regulations that will take immediate effect.
The regulations cover three main areas:
- A new controlled activity of establishing, operating or winding up personal pension schemes;
- A new controlled activity of advising on pensions (personal and occupational);
- Approval of personal pension schemes.
Albert Isola MP, Minister of Commerce, stated: "I am pleased to announce the introduction of these new pension regulations which will ensure that Gibraltar retains the highest standards of pension regulation and maintains its status as a "recognised" jurisdiction for QROPS pension schemes. Government has worked closely with both Gibraltar's financial services regulator, the GFSC, and the local pensions sector, GAPFA, to ensure Gibraltar's new pension regulations were in place prior to the changes that will be introduced on 6 April 2017."
See the full press release here
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