Question to the HM Treasury:

To ask the Chancellor of the Exchequer, if she will commission a review into the Financial Conduct Authority’s handling of historic pension transfer cases involving qualifying recognised overseas pension schemes.

There are no plans to commission a review into the Financial Conduct Authority (FCA) related to qualifying recognised overseas pension schemes (QROPS).

A QROPS is the name for any pension scheme located outside the UK which meets the criteria to receive transfers of UK tax relieved pension savings.

Those overseas schemes are required to be regulated by a pensions regulator in the overseas country where they are established in order for them to receive UK tax relieved pensions.