Select - Isle of Man QROPS
The Boal & Co Select Personal Pension Scheme (Select) is a pension scheme established under trust in the Isle of Man, and tax-approved in the Isle of Man under Part 1 of the Income Tax Act 1989.
Select and its professional advisers Boal & Co (the professional trustee, scheme administrator and scheme actuary) are regulated by the Isle of Man Financial Services Authority (IOM FSA) under the Retirement Benefits Schemes Act 2000.
Select is listed with the UK tax authority HM Revenue & Customs as a QROPS. This means that pension transfers made from UK pension schemes to Select are termed recognised transfers and so are permitted transfers under the UK pension legislation introduced by the Finance Act 2004.