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ScotEq Intl offshore plan targeting pension IFAs

Scottish Equitable Inter-national is aiming at ret-irement specialist IFAs with its new offshore investment plan.

Clients can make regular and or one-off contributions and withdrawals at any time. Minimum monthly contribution is £500 and there is no maximum.

The company says the most obvious market for the product will be the growing number of high-net-worth clients who are planning to move or work abroad.

According to Alliance & Leicester&#39s latest figures, in less than 10 years, one in eight Britons will move abroad, with the figure rising to one in five Britons by 2020.

But ScotEq Intern-ational also intends to target employers who want to top up the pension arr-angements of key employees but are unable to do so because of pension cap restrictions.

The company says it will focus on pensions advisers who may not have considered writing offshore business before.

Head of marketing Ste-ven Whalley says: “The plan is ideal for high earners requiring a pension top-up or for those with an irregular income stream who need more flexibility alongside their pensions.”

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