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Pension transfer delays expected as HMRC misses Rops deadline

Pension transfer delays expected as HMRC misses Rops deadline

Pension transfers are likely to be delayed and providers, advisers and clients have been left in limbo after HM Revenue & Customs failed to publish a new list of recognised overseas pension schemes (Rops) that was scheduled for Monday. The UK tax authority regularly updates its Rops list, however, the changes announced by chancellor Philip Hammond in the Spring Budget prompted two full suspensions of the list, the latest of which has not been lifted. Please link to International Adviser to read the full article by Kirsten Hastings.

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