Skandia Int'l links with Concept Group
From Products Mar 12 2010 BY: Simon Danaher
, Online News Editor
, International Adviser
Skandia International has agreed an exclusive tie-up with Guernsey-based fiduciary firm Concept Group to provide a QROPS product for UK expats.
Aurora Quantum is a bespoke version of Concept’s existing Aurora QROPS product and will provide investors with access to Royal Skandia’s offshore funds within a competitively priced cost structure.
Skandia International’s head of product law Rachel Griffin says the firm has been considering launching a Guernsey-based QROPS for some time as they believe it adds significant benefits to consumers.
“Offshore bonds continue to be one of the most popular assets for QROPS and we continue to support this market. By teaming up with Concept to offer Aurora Quantum, a packaged solution with an exclusive charging structure, we have made this valuable option an easier choice for many expats,” said Griffin.
“QROPS should play a major part in the financial planning considerations of UK expats who have already, or are moving overseas to retire. They provide flexibility to allow retirement planning to accommodate the client’s new lifestyle choice.”