The UK’s controversial introduction of a 25% tax charge on the transfers from UK pensions to Qualifying Recognised Overseas Pension Schemes (QROPS1) has found backing from the Malta Association of Retirement Scheme Practitioners (MARSP). MARSP stated in a press release of the 10th March, 2017 that despite much of its initial criticism it is a “positive for Malta” and for the wider pensions industry, especially in Europe.