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PenTech is an Isle of Man based firm, offering technical pensions support to international financial advisors and pension scheme providers.
This service is generally funded by offshore insurance or pension providers when required.
Given that the HMRC pensions tax manual is so comprehensive, and by definition definitive, it’s hard to understand why any adviser who’s active in the pensions advice market would require such a service.
PenTech also offers a bureau service where they provide technical analysis.
This is then followed up by one of a number of UK FCA authorised firms, to provide non-UK residents with the necessary FCA regulated advice associated with a transfer of rights in a UK defined benefit scheme to a QROPS or a SIPP.
The advice letters generated are, in our view, minimalist and highly standardised, seeking to just meet the requirement, rather than to fully inform the client.
Full technical support for international IFA's and product providers.
They have UK and internationally qualified staff.
They are approved pensioner trustees and they provide international support.
Training and competence seminars - which deliver continual professional development for pension staff.
Meetings and seminars - and they will negotiate with scheme trustees and actuaries.