Thursday, June 30, 2011
Guernsey-based The Overseas Pension, the QROPS from Fairbairn Trust has scooped Professional Adviser’s International Fund & Product ‘Best QROPS Provider 2011’ Award.
Welcoming the award, Nathan Lihou, Fairbairn Trust's Chief Operating Officer, said:
“We are absolutely delighted to win this award for our Overseas Pension - QROPS."
"The Overseas Pension team are thrilled that our commitment to service, security and support was recognized by an independent judging panel of 12 industry experts. The award is a great motivator to continue development and innovation in the field of international pensions and ensure that we keep ahead of the competition. We believe this award provides further reassurance to the professional adviser community that Fairbairn’s Overseas Pension is the right choice for QROPS”.
David Higgins, in charge of technical issues and marketing at Fairbairn, added: “Since day-one we have been convinced that the combination of institutional backing (Fairbairn is part of the Nedbank / Old Mutual Group), first class in-house administration and excellent technical support was exactly what the QROPS market needed. This award proves that we were right and that the market really appreciates quality over quantity and value over cheapness.”
In awarding Fairbairn Trust, the judging panel stated: “QROPS is a relatively new sector to the offshore industry and as such the judges felt that size, jurisdiction and trustee were important factors to consider. In addition, judges were keen to see entrants demonstrate initiatives that highlight a knowledge and understanding of the issues facing customers transferring pensions, and that they are treated fairly. In the opinion of the judges, the Overseas Pension ticked all the boxes. The Overseas Pension entry was an excellent example of going one step further to ensure customers understand the product they are getting into.”
QROPS are one of the financial planning techniques available to UK expats who have already moved or are planning to move overseas to retire. QROPS can provide investment flexibility and currency options for clients who live abroad (or are planning to relocate prior to retirement). They are an effective way to consolidate UK pension assets gathered throughout someone’s working life in the UK and provide flexibility to allow retirement planning to accommodate their new lifestyle overseas.