New Canada QROPS Provider (at last!)
#16

technicaly, it will be the pension provider that Shell have almost certainly outsourced to that will do the checking (I used to work in UK Life and Pensions back office administration).
#17
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Joined: Dec 2018
Posts: 11














#18

Yes. My wife has a couple of smaller personal pensions in the UK, but we will wait until some sanity is restored to the GBP / CAD exchange rate. I have no choice until an RRIF appears on the list, but would judge the exchange rate too as regards timing.
#19


Last edited by Siouxie; Sep 18th 2019 at 4:00 am.
#21
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Joined: Dec 2018
Posts: 11












Yeah I wonder how long that will take. What would you consider to be a good exchange rate? The more in our favor the better I know. I'm honestly just wanting to be done with working, my health comes first in my case.
#22

in may 2019 it was around $1.77. I am hoping that when brexit is sorted in the next coupke of years for $1.80
#23

At LONG LONG last......some good news !
It took a lot longer than many were hoping ( the HMRC slowed things down considerably ) but "Industrial Alliance Group" have now been able to get Canada back on the ROPS list.
Having used Industrial Alliance "first time" around for QROPS, Its good to see they followed this through with the HMRC to get Canada back on the list................and have given Ex Pats living in Canada at least now an option again to move their pensions instead of being at a disadvantage compared to Expats living in many other countries around the World !
It will be interesting now to see if any other Canadian providers have the desire and perseverance to work with the HMRC to get listed back on ROPS list !
It took a lot longer than many were hoping ( the HMRC slowed things down considerably ) but "Industrial Alliance Group" have now been able to get Canada back on the ROPS list.
Having used Industrial Alliance "first time" around for QROPS, Its good to see they followed this through with the HMRC to get Canada back on the list................and have given Ex Pats living in Canada at least now an option again to move their pensions instead of being at a disadvantage compared to Expats living in many other countries around the World !
It will be interesting now to see if any other Canadian providers have the desire and perseverance to work with the HMRC to get listed back on ROPS list !
#25

They offer a comprehensive range of fund options and asset classes. https://ia.ca/funds-performance
#26
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Joined: Dec 2016
Location: Yorkville, Toronto. From Bournemouth UK
Posts: 316












IAG provide "seg fund" investments within the RRSP, that are similar to mutual funds, but offer guarantee's of investment protection against market downturns and on death.
They offer a comprehensive range of fund options and asset classes. https://ia.ca/funds-performance
They offer a comprehensive range of fund options and asset classes. https://ia.ca/funds-performance
Index trackers have returned better performance.
Will wait until Canadian self investment brokerages are on the ROP list.
In the meantime my SIP in UK continues to grow with Fundsmith and Lindsell Train Global.
Both funds help to mitigate any sterling weakness by investing in companies that earn money abroad
#28

They did the same thing to Australia a few years earlier, the new scheme back on this list from AUS simply set the minimum age to age 55 for the ROPS approved scheme (but now have schemes that will take on at earlier age). I believe there is strong reporting requirement form these schems back to HMRC for pre 55 withdrawals which triggers a tax demand from HMRC.
#29
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Joined: Sep 2019
Posts: 14


deeply vested in the legalities of this already, but pureley from a federal perspective, the investment would have to be at minmum a LIRA, and even then the provisions for unlocking some or all of the monies is still available in provincial law,
#30

They did the same thing to Australia a few years earlier, the new scheme back on this list from AUS simply set the minimum age to age 55 for the ROPS approved scheme (but now have schemes that will take on at earlier age). I believe there is strong reporting requirement form these schems back to HMRC for pre 55 withdrawals which triggers a tax demand from HMRC.