The NAPF has issued a response to the Internal Revenue Service (IRS) Notice 2011-34 regarding draft regulations under FATCA which could potentially effect foreign institutional investors with assets in the United States.   Our response is part of an ongoing lobbying campaign to persuade the US tax authorities that UK occupational pension funds are not vehicles for offshore tax avoidance by US citizens and should be granted an exemption from the FATCA regulations due to become US law on 1 January 2013.

Download the response