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HMRC removes Canadian Rops from overseas pension list

HMRC removes Canadian Rops from overseas pension list

HM Revenue & Customs has scrapped nearly a hundred Canadian recognised overseas pension schemes (Rops) from its pre-approved list, in line with a similar move suspending Australian transfers last year. Updated on Tuesday, the list now shows just three schemes - all run Bank of Montreal (BMO) - that comply with the HMRC's 'pension age test', introduced in April 2015 as part of the pension freedoms. Please link to International Adviser and log in the read the full article by Monira Matin.

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