Ralph Stewart-associated super fund gets QROPs licence
Garrison Bridge, the super fund associated with Ralph Stewart's Lifetime Group, received its QROPS registration last week.
Friday, December 9th 2016, 12:46PM
Lifetime chief executive Ralph Stewart says New Zealand will continue to attract migrants and the company has launched a New Zealand Qualifying Recognised Overseas Pension Scheme (QROPS) designed for investors with funds originating from UK pension schemes.
“The local QROPS market has been in a state of disruption, partly due to new positive improvements in New Zealand legislation and ongoing UK changes”, .
“Our position as long term retirement income specialists allows us to support multiple options for QROPS transfers and investors switching from current schemes.”
“After establishing the Lifetime Income Fund, we have expanded our retirement focus to include UK ex-pats and now offer schemes eligible for international pension transfers. The latest offer, the Garrison Bridge Superannuation Scheme (Garrison Bridge) was one of the first QROPS to be launched under the Financial Markets Conduct Act.”
Garrison Bridge is a joint venture between Lifetime Asset Management and Christchurch advisory firm First Capital Financial Services.
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