Brooklands has launched The Brooklands No. 2 QROPS which has reduced the set up fees from £1,000 to £600 on QROPS in which the investments are managed via any offshore bond, while the annual charge has been lowered from £1,000 to £800. This makes Brooklands the most competitive QROPS offering, whilst remaining completely ‘open architecture’ in respect of offshore bond products.
Managing director, Paul Evans said “Whilst this is still not as competitive as the pricing around the Brooklands SIPP, this provides the most cost effective QROPS in the marketplace that does not tie in and sell its own investments and further compliments the product range and jurisdictions offered by Brooklands Pensions.”
The move will be seen as an attempt to gain market share over rivals such as Close and Concept Group.
Brooklands operate worldwide and are based in UK, Guernsey, New Zealand and Isle of Man and have their administration operation based in Dubai.
