Guernsey Finance has welcomed the publication of a new code of
practice for local QROPS providers as demonstrating the
Island's commitment to excellence in pensions.
Peter Niven, Chief Executive of Guernsey Finance – the
promotional agency for the Island's finance industry, announced
plans to introduce a code of conduct at a Guernsey QROPS seminar in
London during March 2010.
A committee of the Guernsey Association of Pension Providers
(GAPP) has been working on the draft code to cover critical areas
of QROPS business and an exposure draft of a new code of practice
has now been released on the association's website www.gapp.gg.
Mr Niven said: "Since HMRC's introduction of a QROPS regime in
2006, Guernsey has become the leading jurisdiction for providing
this product. A key reason is the security and stability that the
Island offers through its proactive approach to meeting stakeholder
expectations.
