Guernsey-based Overseas Trust and Pension launches 'low entry, low-cost' product option

Overseas Trust and Pension, the specialist provider of international retirement and pension solutions, has launched its new low-cost and low entry product option 'SELECT'. 

Rex Cowley, director and co-founder, said: "There is a growing market demand for access to international retirement products, including QNUPS, from clients who want to protect and consolidate existing assets. Many of these clients have been excluded from accessing appropriate international products due to cost or entry criteria.

"SELECT overcomes both these issues and enables Advisers to use our products across a wider range of clients, letting clients enjoy the benefits of going offshore."

At £50 000, SELECT gives clients affordable entry into OTAP's flagship pension, retirement, preservation, and trust products (including QNUPS). These products provide a wide range of benefits, including the facilitation of wealth accumulation, income, asset protection, global portability, succession planning and tax efficiency. 

Annual fees start at £495pa, making SELECT very cost-effective while providing advisers access to a range of investment platforms, including an offshore bond, offering open architecture investment and multi-currency options.

These platforms also facilitate various charging models so that advisers can select an approach to pricing that is most appropriate for each client, including the amortisation of advice fees.

David Higgins, director and co-founder, added: "OTAP has identified Generation X as being more internationally mobile than their Millennial predecessors, but not as fortunate, as they don't stand to inherit the wealth of the Baby Boomers in the way the Millennials are.

"Therefore, it is critical to offer affordable entry to international product to service this upcoming segment."

SELECT also facilitates the use of structured investments, offers two investment accounts at no extra cost, and is now available to all advisers who have terms of business with OTAP. 

Overseas Trust and Pension is a regulated and licensed international company based in Guernsey. It focuses on producing advanced packages for trusts, pensions, and retirement options to protect and enhance clients' wealth, also offering these services to South African clients since 2006.