Malta and Guernsey-based Trireme Pension Services has unveiled an international self-invested personal pension (Sipp).
The pension product has no minimum or maximum investment and will accept transfers from other UK-registered plans as well as personal contributions, the firm said.
The roll out stemmed from a significant number of requests that financial advisers made to Trireme, co-founder and director of business development Richard Garrod said.
It is specifically designed for UK citizens living abroad.
James King, managing director of Trireme Pension Services (Malta), said: “In an increasingly complex environment for UK expats in particular, Trireme provides access to a quality Sipp.
“We look forward to working with existing and new adviser relationships to promote the Trireme International Sipp to their UK expat clients.”
Turn to an adviser first
Trireme, however, warned that neither its Guernsey nor its Malta businesses can provide tax or investment advice, and that potential members should seek financial advice before applying.
The underlying trustee and administration services will be provided by UK-based firm Hartley Pensions.
Hartley acquired two collapsed Sipp providers last year, namely Berkeley Burke in September 2019 and GPC Sipp in August 2019.
The Guernsey and Maltese businesses are regulated by the Guernsey Financial Services Commission and the Malta Financial Services Authority, respectively; and they are part of the PraxisIFM group.
Hartley Pensions is regulated in the UK by the Financial Conduct Authority.