Kreston Pensions Limited (www.krestonpensions.com) has announced that it has engaged the services of The QROPS Bureau to assist with the implementation and development of its QROPS, QNUPS and international pension services.

Kreston Pensions (IOM) announced in June that their Isle of Man QROPS scheme had received recognition from HMRC, following the approval from the Isle of Man Insurance and Pensions Authority for Kreston to become a pension scheme administrator.

Kreston Pensions has recently received approval for its Gibraltar QROP and is also developing propositions in other jurisdictions.
The QROPS Bureau is an independent specialist in QROPS, QNUPS and other international pensions solutions, that provide technical support, training, compliance support and due diligence to professional advisers and product providers.

David Pope, CEO of Kreston Pensions, said: ‘We are pleased to have been able to engage the services of The QROPS Bureau, who are widely recognised as a leading specialist in the international pension’s arena. Having access to their support and insight on an ongoing basis will assist us in ensuring that we offer the best possible standard of service to the Kreston network and independent intermediaries and clients that we are working with.’

The Kreston (IOM) group of companies is the Isle of Man’s sole representative of Kreston International (www.kreston.com) a global network of independent accounting firms with over 186 member firms employing 20,000 staff in 108 countries providing trusted, fiduciary, pension, administration, accounting, compliance and advisory services to individuals and entrepreneurial business in the SME and mid-market sectors. Kreston is accustomed to working to provide creative and quality solutions for clients with international needs and a personal approach. The QROPS Bureau work will only enhance this ethos.

David White, a partner in The QROPS Bureau, said: ‘With a strong infrastructure within the Kreston IOM group and access to the Kreston International global network of independent accounting and business advisory firms, Kreston Pensions appears to be extremely well positioned to achieve their ambition of becoming a major new player in the constantly growing international pensions market.

‘In recent years the way in which The QROPS Bureau work with product providers has been evolving. In addition to working with a panel of product providers across different jurisdictions we are increasingly being asked to extend the technical support services that we provide to product providers as well as professional advisers.’