Skip to content
International Adviser
  • Contact
  • Login
  • Subscribe
  • Regions
    • United Kingdom
    • Middle East
    • Europe
    • Asia
    • Africa
    • North America
    • Latin America
  • Industry
    • Tax & Regulation
    • Products
    • Life
    • Health & Protection
    • People Moves
    • Companies
    • Offshore Bonds
    • Retirement
    • Technology
    • Platforms
  • Investment
    • Equities
    • Fixed Income
    • Alternatives
    • Multi Asset
    • Property
    • Macro Views
    • Structured Products
    • Emerging Markets
    • Commodities
  • IA 100
  • Best Practice
    • Best Practice News
    • Best Practice Awards
  • Media
    • Video
    • Podcast
  • My IA
    • Events
    • Directory
    • IA Tax Panel
    • IA Intermediary Panel
    • About IA

ANNOUNCEMENT: Read more financial articles on our partner site, click here to read more.

SIGN IN INTERNATIONAL ADVISER

Access full content on the International Adviser site, access your saved articles, control email preferences and amend your account details

[login-with-ajax]
Not Registered?

Boal & Co signals move away from Asia in Malta Qrops debut

By Mark Battersby, 10 Apr 17

Isle of Man-headquartered Boal & Co has launched its first Malta-based Qrops as part of a strategic shift of marketing these schemes away from the Asia region.

Isle of Man-headquartered Boal & Co has launched its first Malta-based Qrops as part of a strategic shift of marketing these schemes away from the Asia region.

The Boal & Co Malta Pension has received approval from the Malta Financial Services Authority (MFSA) and is also included in HM Revenue & Customs’ recognised overseas pension scheme list.

The addition of Malta as a jurisdiction complements its already established Isle of Man and Gibraltar Qrops offerings.

John Batty, technical sales manager of Boal & Co, said: “Following the recent changes in HMRC regulations regarding Qrops, the excellent regulatory environment in Malta and the ability to use flexi access has meant it has become a key jurisdiction for transfers from the UK for EU based residents.”

He added that Boal & Co will be offering transfers free of charge between its existing Qrops and the new Malta Pension scheme.

As part of the new arrangement, Boal & Co has teamed up with ITC International Pensions, a local Maltese retirement scheme administrator that will act as trustee to the scheme.

Mark Kiernan, Boal & Co’s chief executive, said: “We made the decision to work with ITC International Pensions to establish a Malta based Scheme in February 2016, culminating in an application to the MFSA in April 2016. 

“This was a strategic change in our operating model having previously concentrated our Qrops sales efforts in the Far East.  The addition of a Malta scheme largely completes our Qrops offering, and with the experienced team we have in place, I see Europe being a key market to enable us to continue our international growth.”

 

Tags: Boal & Co | Malta

Share this article
Follow by Email
Facebook
fb-share-icon
X (Twitter)
Post on X
LinkedIn
Share

Related Stories

  • Asia

    Capital Group survey points to implications around “the Great Wealth Transfer”

    Best Practice

    UK FCA notes deficiencies in retirement income advice practice

  • Equities

    Geopolitics pushes focus of Nordea Europe equity fund

    STM skilled person report delayed until end of May

    Europe

    Border protocols agreed between UK, EU, Gibraltar in latest update on future Agreement


NEWSLETTER

Sign Up for International
Adviser Daily Newsletter

subscribe

  • View site map
  • Privacy Policy
  • Terms and Conditions
  • Contact

Published by Money Map Media – part of G&M Media Ltd Copyright (c) 2024.

International Adviser covers the global intermediary market that uses cross-border insurance, investments, banking and pension products on behalf of their high-net-worth clients. No news, articles or content may be reproduced in part or in full without express permission of International Adviser.