Momentum Pensions has responded to demand from clients with minimum funds of GBP20,000 by adding lower-cost solutions for international clients with the launch of QROPS Superlite and SIPP Lite schemes building on its existing QROPs and SIPP product range.
Investments can be made through the Brooks MacDonald International Platform using the International Managed Portfolio Service.
Momentum has seen strong demand following pension changes in the UK which have highlighted how SIPPs and QROPS offer the flexibility to invest in a variety of assets. For expatriates and those intending to move permanently – QROPS offer the opportunity to move a UK Pension fund into an overseas scheme.
Covering all four major jurisdictions – UK, Malta, Gibraltar and the Isle of Man – Momentum Pensions’ range of QROPS and SIPPs solutions provide security for retirement assets whilst also offering the flexibility of a modern international pension.
The QROPS Superlite and the SIPP Lite offer a minimum transfer value of GBP20,000 (up to GBP39,999), a GBP250 set up fee, and a GBP250 annual fee. Investments are restricted to the Brooks MacDonald International Platform using the International Managed Portfolio Service only, while the International Managed Portfolio Service offers six risk-rated discretionary fund managed portfolios, offering a comprehensive and flexible solution for investment needs throughout their retirement.
Mark Gaywood (pictured), Group Chairman, Momentum Pensions, says: “Following strong demand from intermediaries, we are pleased to widen our product range to include versions of both our QROPs and SIPP products which are cost effective for lower fund sizes. Thousands of people in the UK and expatriates retire abroad every year and having an international pension solution that offers easy accessibility is crucial to enjoying retirement. As the pension landscape evolves, we remain optimistic in meeting all and any upcoming changes, and remain focused on developing our product offering.”