We believe it is imperative to have financial advice, therefore we will only accept applications from professional advisers as we think this will provide maximum benefit to clients. The Overseas Pension QROPS has a "client approved remuneration" option so that initial and on-going fees can be paid, in a tax efficient method, direct from the QROPS.

Investment managers

Discretionary portfolio management is available with The Overseas Pension QROPS subject to our due diligence procedures. Fairbairn Trust Company Limited already has many arrangements in place so feel free to call us and see if your investment manager is already on the "approved" list, or would be eligible for inclusion.

Financial advisers

We believe that we are the only QROPS provider to insist that all applications come from professional advisers. Using the various investment (wrap) platforms available, enables you, the adviser to continue looking after your client's interests in a simple and efficient manner even after they have moved abroad. Transfers can be made in-specie simply by changing the account designation on your platform (dependent on the platform's terms). Existing commercial property can be transferred, please contact us to discuss this in more detail.

Fees for advice and investment management can be paid directly from The Overseas Pension QROPS.

        

Market growth

We see the market for QROPS growing year-by-year and studies by the Institute for Public Policy Research indicate that at least 5.5m British-born people live abroad. Another half-million reside outside the country for part of the year.

This would seem to be a growing trend with the Office of National Statistics' figures showing that 207,000 British Citizens left the UK in 2006, more than any year since records began in 1991.

There are also many people who are not British who have worked in the UK and accrued pension benefits before returning home or settling elsewhere, for them QROPS and The Overseas Pension is an equally valid solution.

With new higher taxation rates coming to the UK, we are expecting the market to grow further.

We have already seen greater interest from high earners who are going to be affected by the new tax rules. We have seen increased interest in QROPS from people resident or moving to the following countries/jurisdictions : France, Spain, Malta, Cyprus, Hong Kong, Singapore, Malaysia, India, Jersey, Isle of Man, Guernsey, China, Canada, Ireland, Israel, Thailand, Dubai, South Africa, Switzerland, Monaco, United Arab Emirates and others.