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Simon Danaher

Tech tool launched for QROPS advisers

From Products Jul 4 2011 BY: Simon Danaher , Online Editor , International Adviser

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An online technical support programme for financial advisers dealing with international pensions has been launched.

The International Financial Adviser Support Programme has been developed by pensions specialists PenTech and will be made available to advisers using QROPS or QNUPS provided by pension managers Sovereign Trust Channel Islands.
 
Sovereign, which claims to enjoy a large percentage of the worldwide market in international pensions, said it has been keen to provide its introducers with high-level technical support for some time.

Developed by PenTech directors Peter Davis and Martin Rourke, the programme will provide advisers with generic and factual data and answers to queries about existing UK or international pension schemes.

Rob Shipman, managing director of Sovereign Trust CI: “We have been working closely with PenTech for a couple of years, and felt the time was right to proceed on a more formal and comprehensive basis in 'partnership' to provide support for our intermediaries.”

Sovereign said advisers will need to sign in and create an account, at which point the pensions manager can reject the account if they wish. However, if approved, the adviser will then be given full access to the portal which is secure and completely confidential.

PenTech’s Davis said: “Sovereign and PenTech appreciate that the area of UK and international pensions is a very complex subject due to ever changing legislation. With technicians who have been in the industry well prior to the introduction of personal pensions, this service has proven to provide the adviser with independent technical support necessary to correctly advise their clients.”

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