Notwithstanding the recent problems with banking in the UK, this country has got a pretty tight regulatory regime covering the rest of the financial services industry.
If you look at the various jurisdictions in which QROPS can be placed - and I tend to feel that places like the Channel Islands and the Isle of Man have a proper government controlled legislative process with regard to financial services - they’ve both got investor compensation schemes which are similar if not slightly better than the UK arrangements and there’s no sort of time barriers, language barriers in dealing in those jurisdictions, so people can feel very secure in transferring their monies there.
Now there are QROPS all around the world and if people do want to consider those you have really got to take the time and make sure that they are comfortable with their advisor of all the regulatory and legislative and insurance schemes that are in place to make sure there could never be a possibility of loss of funds.
So great care needs to be taken in that respect but certainly if you stay relatively close to home those jurisdictions I mentioned above - the Channel Islands and the Isle of Man - can largely cover everything you’d need wherever in the world you might actually end up. And remember, you don't have to move your pension to the same jurisdiction as your residence to still achieve tax-efficiency.