View more on these topics

Ascentric launches Qrops on platform

Ascentric has launched the MC Trustees Qrops on its platform.

The firm says it is the first Qrops to be launched on a UK wrap platform.

The MCT Malta Private Retirement Scheme is aimed at customers with UK pension rights who have not been resident in the UK for five complete tax years or are intending to permanently relocate out of the UK.

Ascentric says the pension scheme is based in Malta and has been approved by the Malta Financial Services Authority as well as HM Revenue & Customs.

MC Trustees is a group of companies that has been administering SSAS since 1986 and Sipps since 1995. They look after 1,500 plans and hold around £1bn of client assets.

Sales and marketing director Richard Goodall says “The launch of the MC Trustees Qrops underlines our commitment to providing advisers with the widest possible product range to meet the differing needs of their clients.

“We have had significant demand from advisers for a Qrops to meet the pension needs of their clients working overseas, and I am delighted to be working with such an innovative, forward thinking provider.”

MC Trustees managing director Martin Cadman says: “We are very happy to have made this arrangement with Ascentric. Our view is that more and more assets will be placed on platforms and that they will be particularly valuable for clients who live in different time zones, and wish to review their investments when it suits them.

“With this arrangement we believe that we will be able to significantly reduce the costs usually associated with managing Qrops investments and pass that benefit on to the client.”


Skipton withdraws two-year deals over service concerns

Skipton Building Society withdrew its new two-year mortgage range last week after a high level of demand which led to concerns about service levels. Skipton sent an email to advisers explaining that the range was to be removed. The products were introduced five weeks ago and included a mix of two-year fixed rate and trackers. […]


Zurich scraps GP reports for under 35s

Zurich UK Life is no longer asking for general practitioner’s reports for applicants aged 35 and under wanting life cover under £1m, unless as a result of a relevant disclosure. The move is part of a number of changes the provider is making to improve the underwriting service on its mortgage and family protection range. […]

Looking back at 2015

By Fiona Tait, Pensions Specialist 2015 was quite a year for pensions. Change, more change, and proposed changes to the changes. The Spring Budget – pre-election plans With everything that has happened since, it is hard to remember what happened in March. Following on from the bombshell of the 2014 Budget, the Chancellor confined himself […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers. Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm