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Pension flexibility extended but advice restricted to FCA regulated firms

From Retirement Jul 21 2014 @ 16:46

Increased flexibility on pensions announced in the UK Budget earlier this year will be extended...
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HMRC tax avoidance proposals receive Royal Assent

From Tax & Regulation Jul 21 2014 @ 04:00

Proposals by HM Revenue & Customs to crack down on tax avoidance have now received Royal Assent.
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Simon Danaher

Momentum offers ‘lite’ QROPS for smaller pension pots

From Retirement Jan 15 2013 BY: Simon Danaher , Online Editor , International Adviser

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

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.”

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