Concept returns from Guernsey delisting
Concept has announced its return to the QROPS market with the launch of two Gibraltar-domiciled products.
Concept has announced its return to the QROPS market with the launch of two Gibraltar-domiciled products.
The Concept Group, one of the largest QROPS providers anywhere until HM Revenue & Customs de-listed almost all of Guernsey's schemes in April, is launching two new schemes in Gibraltar.
Concept Group, formerly known for its range of Guernsey based QROPS, has partnered with European IFA association FEIFA.
Concept Group, the Guernsey-based QROPS and QNUPS provider, today revealed that it has hired Rob Shipman, the ex-managing director of a former QROPS rival, as it unveiled a new QNUPS in its Aurora pension products range.
Concept Group, the Guernsey-based QROPS and QNUPS provider, today revealed that it has hired Rob Shipman, the ex-managing director of a former QROPS rival, as it unveiled a new QNUPS in its Aurora pension products range.
A new QROPS strategy has been announced by Skandia International, as the company moves from a one provider arrangement with Guernsey based Concept Group, to a multi-jurisdictional structure.
News that HM Revenue & Customs is taking a harder line with third country UK pension transfers to Guernsey has been met with surprise by many in the QROPS industry but possibly not as much as might be expected.
Skandia International and Guernsey-based Concept Group have come together to launch a QNUPS to complement the existing co-branded QROPS the duo launched in March 2010.
The deVere Group, the Zurich-headquartered, internationally-focused advisory group which claims to be the world’s largest, said it has handled more than a third of the assets transferred out of the UK and into qualifying recognised overseas pension schemes since QROPS were created in 2006.
Royal Skandia and Concept Group have created a QROPS with a fee structure aimed at clients with transfer values of less than £75,000.
A Guernsey based QROPS trustee has voiced concerns over a decision by the IoM to block a transfer.
Money held in offshore banks via overseas pensions schemes may be at more risk than people realise.