Sovereign launches Guernsey based int’l pension scheme
International Advisor – January 2014
Sovereign has launched the Conservo International Retirement Plan, a Guernsey-based “fully portable” pension scheme.
The international trust company said the new product offers a “highly efficient and flexible means of saving for retirement” and has been designed to be attractive to internationally mobile individuals.
Conservo offers investors the choice of making either one single premium contribution or of making regular contributions, with all growth and retirement benefits free from Guernsey tax. Sovereign added that the scheme also offers “full investment freedom”.
The company said the product was launched to meet demand for a product which allows investment into assets not typically available through conventional savings plans.
It added that there is also an “increased call for full flexibility at drawdown as retirement needs change”. This specific need is met, according to Sovereign, by allowing the member to tailor their benefits “exactly to their requirements – whether as a lumps sum or as an income stream”.
Fees for the new scheme start at £750, climbing to £900 per annum for large cases.