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20 Feb, 2012 - deVere Group affirms its position as QROPS market leader
deVere Group affirms its position as QROPS market leader
The deVere Group continues to affirm itself as the World's Largest Independent Financial Advisory on QROPS, with more than £500 million under advice on offshore pension schemes.
Since the QROPS inception in 2006, the deVere Group has been at the forefront of the UK Pension Transfers business, providing its clients unique product offerings thanks to its strong strategic alliances with leading providers in the industry.
deVere Group CEO Nigel Green comment that, “With over 5 years experience as the market leaders in the UK Pension Transfers business, we continue to develop our expertise to advice expatriates and international investors on financial products that we truly believe will suit their plans for the retirement that they deserve. With an estimated 10 million UK expatriates around the world, our commitment remains to be within easy reach for our clients, wherever they may be in the world”.
Since QROPS were first introduced, approximately £1.3 billion have been moved from onshore UK pensions to offshore pension schemes. The deVere Group has thus transferred almost half of the figure.
Meanwhile, following the recent proposed changes for the QROPS legislation on April 6th 2012, selective QROPS jurisdictions such as Malta have grown to become more favourable than others. Malta is quickly picking up QROPS business thanks to its European Union membership status. Malta is also the preferred location due to its 59 double taxation agreements with prominent countries around the globe (at the time of writing).
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