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What checks will a UK Scheme Administrator have to make to ensure that the transfer is an “authorised transfer” to a QROPS?

April 26, 2017Administrator checks ensure qrops Scheme transfer UK

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What checks will a UK Scheme Administrator have to make to ensure that the transfer is an “authorised transfer” to a QROPS?

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A. A UK Scheme Administrator will need to be satisfied that an overseas transfer is to be made to a QROPS. The Scheme Administrator can check with APSS that the scheme is on the QROPS database.