QROPS
Hi, yes there are some issues, but if you live offshore from the UK (I am in Qatar) and you DYOR, you can save a lot of fee's. I arranged the whole Trxf from my UK SIPP to a QROP, I completed all the paperwork, it took 3 hours, the whole thing cost £1500, and about 6 weeks. A lot of Co will tell you you require Specialist advice, and charge a fortune, often based on a % of the trxfrd funds. One Co quoted £65k !!!
I now have my QROP, I manage the money, it is in a safe tax haven and I control my financial destiny, annual fee is £1250
I txfrd under the old rules, so after 5 years and a day, no further reports are required by HMRC. But you are still bound by HMRC rules regarding 25% or possibly 30% lump sum and GAD rates, which are reviewed every 3 years once in D.D.
I also control day to day investment, averaging 23% pa over the last 5 years, I have arranged massively reduced fees with a UK based Stockbroker (yet still thru my QROP a/c)
All in all, the best financial decision I have ever made. Good luck.