New Zealand QROPS and why we don't advise them

The New Zealand based QROPS became a favourable option for some when it transpired that their regulatory framework for non NZ residents  gave you the option to 'bust' (as it was termed) your UK pension and enable you to access all the money in the pension as a lump sum.  

This clearly contravened the intentions of QROPS and in April 2012 HMRC in the UK closed that option down.