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The New Zealand Endeavour Fund is a New Zealand QROPS open to non-NZ residents. It is registered with New Zealand's Financial Markets Authority.
New Zealand is ranked as one of the least corrupt jurisdictions on the Corruption Perception Index, and is therefore seen by many as a jurisdiction with strong investor protections.
Whilst the firm maintains that it is ‘business as usual’ for existing members, as of 1st December 2016 the scheme was closed to new members.
While there seems to be very little information about it ever since, Garrison Bridge says on it's website that they have assumed management responsibility for the New Zealand Endeavour Fund.
The NZ Endeavour Fund changed to Garrison Bridge Superannuation Scheme on the 1st of April, 2019.
Previously, you could select from the following range of portfolios from TAM Asset Management (an FCA regulated discretionary fund manager):
Additional investment options are now available under the new scheme through investment managers like:
These additional options include:
While the document below has the new scheme's fee information and charges, we are unsure about validity of the information and would recommend contacting them directly to learn more.
We would highly recommend reading the 'expert verdict' section of this independent review.
Additionally, here's a free guide that can help you achieve better results. In this guide, you'll learn:
The New Zealand Endeavour Fund was managed by Endeavour Fund Trustees Limited and is now managed by Lifetime Asset Management Limited.
Yes, the new portal still allows you to view balances, investment performance and make account changes.
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In our opinion, the main disadvantage is that, as current UK legislation stands, Endeavour may not offer flexi-access drawdown as it remains subject to the "70%" rule.
Endeavour has recently reached an agreement with Elmo Pensions in Malta and London, and Colonial Simple SIPP to allow transfers to Malta and the UK.
Our opinion is that Endeavour is not a viable option and there are far better and more flexible alternatives.
Never deal with a firm that isn’t authorised as a UK pension transfer specialist.
If your pension is currently held by Endeavour we recommend that you seek an update on your options from a suitably qualified, fee-based pension adviser.
For pensions worth £250,000 or more, we recommend contacting us for a Second Opinion.