The Isle of Man-based QROPS Bureau plans to launch a new service for advisors based outside the UK in the coming months.
The QROPS Bureau, founded in 2009 by Andrew Dobson and David White, offers financial advisors access to a range of technical information and support to help them assist clients with global pension transfers.
The information and support provided by the firm includes full due diligence reports on the main QROPS, QNUPS and international annuity schemes, and compliance support, suitability reports, administration services and more general technical support.
QROPS Bureau’s support facilities will be available to the advisors via an online portal.
QROPS Bureau’s co-founder White said: "We have previously worked with non-UK advisers and the service has been very well received.
"We intend to build on this in 2014, in addition to continuing to build our presence in the UK advisor market. We believe the proposition we have built for UK-based advisors will benefit advisers outside the UK, a growing number of which are offering their clients advice and service comparable to that obtainable from UK based firms," he added.
White added that the new service is the suitability report that enables advisors to demonstrate to their clients and compliance officers they have received an independent recommendation or endorsement as to the most suitable QROPS jurisdiction and provider.