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QROPS
QROPS or Qualifying Recognised Overseas Pension schemes can give several benefits to the individual expat. For the first 5 years of the new pension the trustees of the new pension scheme have to report once a year to the UK Inland Revenue to confirm continuing qualification with the rules. After 5 years the reporting requirement falls away and if the pension is then moved there is no requirement to report to the UK and subsequently no loss of UK tax relief. It is therefore possible to transfer your fund to another pension which does not require you to purchase an annuity.
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More on Qrops Rules and a Successful QROPS