04/02/2013 – Louvre appoint Gower to QROPS
Gower Pensions Management appointed to Louvre QROPS solution
Louvre Trustees Limited has today appointed Gower Pension Management Limited as trustee to the Hussar International Pension Plan the Louvre Group QROPS offering.
Lourve Group states “Gower is a leading regulated pension’s specialist with its head office in Guernsey.
Louvre Group’s decision follows HMRC’s move in March 2012 to remove Guernsey based QROPS schemes from their official list. At that time we advised the market that we were focused on ‘providing pension savers with a long term solution’, one which would bring longevity to their pension structuring.
In the interim, Louvre have researched the market and explored several options. This led to us meeting with a number of leading industry specialists prior to concluding arrangements with Gower. We fully believe that Gower’s appointment will not only provide existing Hussar International Pension Plan members with continuity for their existing Guernsey QROPS pension monies but also offer a range of other options for members wishing to transfer additional pensions.
A range of alternatives will become available to members as a result of Gower’s appointment. Members can discuss their plans with qualified and experienced pension professionals at Gower who can explain the possible options.
Most importantly for members, the benefits accruing to pre-March 2012 transfers continue to be protected and remain subject to the UK reporting regime. There is no need for members to make any adjustment to their current arrangement unless personal circumstances change (for instance if members wish to add monies to their pension savings).”
The Market
Gower Pensions Management are already able to offer a Gibraltar QROPS solution and continue to research the development for offerings in other jurisdictions.
Transfers of UK tax relieved pension assets continue to offer flexibility to persons leaving or who have already left the UK.
Options
In partnership with Gower, Louvre Group will continue to assist UK persons planning to retire aboard who require pension provisioning. Lourve Group continue to advise individuals in all aspects of wealth planning including trust and corporate services, often used in pre-immigration arrangements, which are available across their international network.
Both Gower and Louvre Group will be delighted to assist you with your continued pension needs or any other aspect of wealth planning in contemplation of leaving the UK and taking up residence elsewhere.
Contacts
If you have any questions, please do not hesitate to contact:
Gower Pensions Management Limited:
Scott Rowe: scott.rowe@gowerpensions.com Tel: 01481 700200
Gower Pensions Management Limited,
PO Box 129,
Suite 2, Weighbridge,
Le Pollet,
St Peter Port,
Guernsey
GY1 4EH