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Gibraltar vetoes flexible access to retain 30/70 rule on Qrops

• State legislators hold last-minute talks with HMRC to ensure status of schemes as UK regulators tighten rules

• Decision defies widespread industry view that flexible drawdown was required by a fund to qualify as a Qrops

Gibraltar has retained its rule allowing up to 30% of a Qrops fund to be taken tax free, despite a widespread industry view that HM Revenue & Customs requires full flexible access for all qualifying schemes.

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Including… Aspirations of the merged Standard Life/Aberdeen behemoth to pile into the US market, in-depth analysis of the 25% Qrops charge, top Miami-based adviser and professor Deena Katz’s take on training, and how domestic reforms are powering economic opportunities in India.
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