What are the disadvantages of QROPS?

QROPS (Qualifying Recognised Overseas Pension Schemes) can have several disadvantages, including potential tax implications, as transferring funds may trigger tax liabilities in both the UK and the host country. Additionally, QROPS may offer less protection and regulatory oversight compared to UK pension schemes, leading to concerns about the security of investments. Furthermore, the complexities of managing a QROPS can result in higher fees and administrative burdens, making it less appealing for some expatriates.