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Established in March 2006, at the start of QROPS and pensions simplification, IVCM has provided SIPP and QROPS retirement products from around the world through its various companies.
A global retirement solutions provider with a local touch, IVCM claims to make it easy for you to transport your retirement savings to the country you are living or retiring in.
IVCM currently offers SIPPs and QROPS from the UK, New Zealand, Gibraltar and Australia and has had experience in most of the main QROPS jurisdictions.
IVCM previously offered QROPS from Guernsey and Isle of Man, but stopped offering these when HMRC regulations changed in 2012, and the benefits of these jurisdictions were no longer available. IVCM also previously offered Malta QROPS, but no longer does so.
IVCM (previously known as Brooklands Pensions) is a global retirement solutions provider with a local touch. IVCM says that it makes it easy for you to transport your retirement savings to the country you are living or retiring in.
All IVCM products are licensed and regulated in the jurisdictions in which they operate.
IVCM offers retirement savings plans in the UK, Australia, New Zealand and Gibraltar.
Here is a summary of the products offered by IVCM in their key jurisdictions:
|Australia||Australian Expatriate Superannuation Fund (AESF)|
|International Expat SIPP|
|New Zealand||IVCM (NZ) PIE Superannuation Fund|
|IVCM NZ PIE Superannuation Fund (QNUPS)|
|United Kingdom||International Expat SIPP|
|IVCM Heritage SIPP (closed to new business now)|
|Brooklands SIPP (closed to new business now)|
|Gibraltar||IVCM Gibraltar QROPS|
|IVCM Gibraltar QNUPS|
1. QROPS (A Qualifying Recognised Overseas Pension Scheme):
IVCM Gibraltar QROPS:
The IVCM Gibraltar QROPS is a ‘Defined Contribution’ pension scheme which is regulated and registered in Gibraltar. It has been specifically designed by IVCM to help save for retirement, whether you are living or retiring in Gibraltar or overseas.
IVCM Trustees (Gibraltar) Limited are the trustees of the scheme who are based in Gibraltar and registered and regulated by the Gibraltar Financial Services Commission (FSC). Gibraltar is an Overseas British Territory and the local currency is Pound Sterling.
Australian Expatriate Superannuation Fund:
There are various types of Superannuation options in Australia, such as:
You can find more information in the documents attached below.
IVCM (NZ) PIE Superannuation Fund:
Retirement planning for most of Kiwi residents consists predominantly of the State Pension, known as New Zealand Superannuation. As it is often not sufficient for a basic standard of living in retirement, many residents make their own retirement provision using Kiwi Saver Schemes and personal superannuation.
The IVCM (NZ) PIE Superannuation Fund is a personal superannuation fund. You can find it's product disclosure statement in the documents section below.
2. QNUPS (Qualifying Non-UK Pension Scheme):
A Qualifying Non-UK Pension Scheme (QNUPS) is a pension that exempts certain overseas pension schemes from UK inheritance tax (IHT). They provide a method of saving for retirement outside of the UK and are not normally restricted to the UK annual or lifetime allowance. When used correctly, this can be a great way to allow for overseas pension consolidation.
The two types offered by IVCM include:
3. SIPP (Self Invested Personal Pension):
A SIPP (Self Invested Personal Pension) is a UK registered Personal Pension Scheme. It provides you with a platform to save for a better retirement lifestyle, whether you are living or retiring in the UK or overseas.
IVCM used to offer:
These products are now closed to new business.
IVCM now offers a product called 'International Expat SIPP'.
The International Expat SIPP is operated and administered by Heritage Pensions Limited who are authorised and regulated by the Financial Conduct Authority, registration number 475096. The asset trustee for the International Expat SIPP is International SIPP Trustees Limited.
You can find it's key features and learn more about it in the documents section of this review.
We would recommend reading the expert verdict section of this review before making a decision. Additionally, you may also find this blog about the difference between QROPS, QNUPS and SIPPs interesting.
IVCM's Pension Plan charges can be summarised below:
The benefits of IVCM (NZ) PIE Superannuation Fund, as stated in their own words, are as follows:
We would however, recommend reading the expert verdict section of this review before making a decision.
IVCM (NZ) PIE Superannuation Fund (Scheme) offers three investment options:
|Fund||IVCM Vanguard LifeStrategy 40% Equity Fund|
|Description and investment strategy||Great British Pounds (GBP) denominated fund employing a passive management strategy invested 40% in growth assets (international fixed interest), with a 60% exposure to income assets (international fixed interest).|
|Investment objectives||40% MSCI World Index net div (GBP) and 60% Bloomberg Barclays Global Aggregate Index (GBP hedged).|
|Estimated annual fund charge||1.31%|
60% Equity Fund
|Description and investment strategy||Great British Pounds (GBP) denominated fund employing a passive management strategy invested 60% in growth assets (international equities), with a 40% exposure to income assets (international fixed interest)|
|Investment objectives||60% MSCI World Index net div (GBP) and 40% Bloomberg Barclays Global Aggregate Index (GBP hedged).|
|Estimated annual fund charge||1.31%|
|Description and investment strategy||Australian Dollars (AUD) denominated fund employing a passive management strategy invested 30% in growth assets (International equities) and 70% in income assets (international fixed interest and cash and cash equivalents)|
|Investment objectives||12% S&P/ASX 300 (AUD), 18% MSCI World ex-Aus net div (AUD), 60% Bloomberg Barclays Global Aggregate Float Adjusted Index (NZD hedged), and 10% Bloomberg AusBond Bank Bill Index.|
|Estimated annual fund charge||1.38%|
I almost went ahead with IVCM - then I read the expert verdict of this review by AES and did my due diligence...
Let's just say that what you will find, will make you think twice and seek professional financial advice.