International retirement and pension solution provider Overseas Trust and Pension (OTAP) has launched its “low-cost and low entry” product Select.
At £50,000 ($59,521, €56,283), Select gives clients entry into OTAP’s pension, retirement, preservation, and trust products, including qualified non-UK pension scheme. The firm said that the products provide a range of benefits, including the facilitation of wealth accumulation, income, asset protection, global portability, succession planning and tax efficiency.
The Select annual fees start at £495 per year and it provides advisers with access to a range of investment platforms, including an offshore bond, offering open architecture investment and multi-currency options.
Select also facilitates the use of structured investments, offers two investment accounts at no extra cost, and is now available to all advisers who have terms of business with OTAP.
Rex Cowley, director and co-founder of OTAP, said: “There is a growing market demand for access to international retirement products, including QNUPS, from clients who want to protect and consolidate existing assets.
“Many of these clients have been excluded from accessing appropriate international products due to cost or entry criteria. Select overcomes both these issues and enables advisers to use our products across a wider range of clients, letting clients enjoy the benefits of going offshore.”
