momentum offers lite qrops for smaller pension

Added 15th January 2013

Momentum Pensions has introduced a “lite” charging structure on both its Malta and Isle of Man QROPS.

momentum offers lite qrops for smaller pension

Under the new structure, for clients with a pension fund of less than £100,000, advisers will be able to offer the lite QROPS which has reduced fees – an initial fee of £300 and an annual fee of £500. The product has been made available in conjunction with Skandia and Royal London 360 bonds.

The announcement follows the launch last week of Momentum’s first Isle of Man domiciled QROPS.

John Batty, head of pensions at Momentum, said: “Our research has identified a demand from professional advisers for QROPS products aimed at those clients with small pension funds.

“We have therefore launched a new charging structure to support this demand. The Lite product will complement our Plus and Pro QROPS solutions, giving the client and professional adviser complete choice and flexibility.”

Visitor's Comments Add your comment

Add Your Comment

We won't publish your address

About Author

International Adviser is aimed at global intermediaries who advise their HNW clients on International fund, life and banking products and tax efficient solutions to their cross-border needs

To subscribe to International Adviser's news bulletins and apply for a magazine subscription click below

Editor's Pick

Singapore's PIAS appoints chief distribution officer
Singapore's PIAS appoints...

Singapore-based Professional Investment Advisory Services...

APFA says UK Gov’t needs to fix ‘unfair rules’ facing advisers
APFA says UK Gov’t needs...

The UK Government needs to address “unfair rules” which...

EU body opens consultation on region-wide pension plan
EU body opens consultation...

The European Insurance and Occupational Pensions Authority...

top

Other Stories From

lastword