Pantheon
Pension Trustees

An independent review by our team of experts

Pantheon QROPS is a Personal Pension Scheme approved by the Commissioner of Income Tax in Gibraltar, and approved by HMRC as eligible to receive transfer of UK pension rights without attracting a tax.

The Scheme was established by a Deed of Trust dated 4th April 2013, amended 4th February 2015.

Pantheon claims to divulge full costing on the application form, we cannot find a way to access the application form therefore we cannot verify this.

No details of any commission are detailed.

It is impossible to do any research into Pantheon online, which is hugely concerning and speaks of a lack of transparency.

NOTE:

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The Pros

> Based in Gibraltar

The Cons

> Opacity around Pantheon/Corinthian relationship

> Non-transparency around fees and charges

> Hard to find information about their offering

Why choose a Gibraltar QROPS?

The Gibraltar authorities are concerned with protecting the reputation and integrity of Gibraltar as a financial centre, and are aware of the importance of adopting and applying international regulatory standards and best supervisory practices.

Gibraltar has a good reputation internationally for cooperation and information sharing.

• Gibraltar is a British Overseas Territory and a self-governing and self-financing parliamentary democracy within the European Union (EU)

• The first language is English

• Newly created QROPS legislation which meets HMRC requirements

• DTAs are not required to obtain low tax rate

• Low rate of taxation, only 2.5%

• Newly created QROPS legislation means Gibraltar QROPS meet Her Majesty’s Revenue and Customs (HMRC) requirements

• Gibraltar is a member of the EU and is a UK crown dependency, bringing with it a sense of stability and familiarity, an aspect which is reassuring to many UK pensioners

• Thanks to a highly regulated and sophisticated financial services sector, Gibraltar is expected to quickly become a major jurisdiction of choice

• Gibraltar offers flexibility in investment opportunities due to a diverse range of products, meaning increased control over where pension funds are invested

• QROPS in Gibraltar offer a large degree of flexibility on investment choices, along with many expert companies able to give professional advice and regulatory guidance on the best possible options on a case by case basis

• Unlike in the UK death benefits are paid gross, due to the absence of inheritance tax

• There is no taxation on lump sums in Gibraltar.

According to Pantheon, the financial infrastructure and legislation of Gibraltar provides QROPS members with safety and security of their assets.

Gibraltar is politically and economically stable and has long been a leader in the provision of offshore financial services.

Gibraltar is well regulated and has a favourable tax regime making is an ideal location establish and administer QROPS.

Expert assessment of Pantheon Pension Trustees

We would not advise clients to use Pantheon Pension Trustees.

Read the UK regulators advice on pension transfers here.

Never deal with a firm that isn’t authorised as a UK pension transfer specialist.

Our advice would be to seek professional, fee-based and independent advice if you have an existing QROPS with Pantheon Pension Trustees.

For pensions worth £500,000 or more, we recommend contacting us for a Second Opinion.

The information in this material is intended for the recipient’s background information and use only. It is provided in good faith and without any warranty or, representation as to accuracy or completeness. Information and opinions presented in this material have been obtained or derived from sources believed by AES to be reliable and AES has reasonable grounds to believe that all factual information herein is true as at the date of issue. It does not constitute investment advice, recommendation, or an offer of any services or products for sale and is not intended to provide a sufficient basis on which to make an investment decision. It is the responsibility of any persons wishing to make a purchase to inform themselves of and observe all applicable laws and regulations. Unauthorised reproduction or transmitting of this material is strictly prohibited. AES accepts no responsibility for loss arising from the use of the information contained herein.

‘AES’ refers to the AES Group’s separate but affiliated entities generally, rather than to one particular entity. These entities are AES Middle East Insurance Broker LLC registered with the UAE Ministry of Economy, United Arab Emirates, Licence no. 571368, and Commercial Registration no. 75162 and regulated by the UAE Central Bank license no. 189; AES Financial Services Limited, incorporated and registered in England and Wales with company number 06063185, authorised and regulated by the UK Financial Conduct Authority FRN: 464494; AES Financial Services (DIFC) Ltd, registered in the Dubai Financial Centre (DIFC) as a foreign company, license no.2128, and regulated by the Dubai Financial Services Authority (DFSA) Reference No F003476; AES International Limited, a private company incorporated and registered in the British Virgin Islands with company number 1839872; AES International Global Limited, a private company incorporated and registered in the British Virgin Islands with company number 1887885. Please visit our authorisations page for further information on regulation, redress and accessibility.

If you are outside the UK and we advise you or carry out other business, nearly all the rules, regulations and arrangements made under the UK regulatory regime (including the rules made by the FCA and the dispute resolution process provided by the UK Financial Ombudsman Service) will not apply to most aspects of the service you receive, such advice or business being provided from outside the UK. You should therefore clearly understand such rights and protection as are afforded in the jurisdiction where you receive advice. Local law, regulation and redress processes will apply in almost all cases, and will be different from that of the UK.

RISKS

Investments involve risks. The investment return and principal value of an investment may fluctuate so that an investment, when redeemed, may be worth more or less than the capital invested. Past performance is not a guarantee of future results. There is no guarantee strategies will be successful. For further information, please click here.

Pantheon Pension Trustees (Corinthian Group which also operates Corinthian Pension Trustees) is a pension trustee based in Gibraltar, and is administrator of overseas QROPS and QNUPS pension schemes.

As a British Overseas Territory, part of the EU and with low tax of 2.5%, Gibraltar is a common QROPS jurisdiction.

Pantheon
Pension Trustees

An independent review by our team of experts

REVIEW SUMMARY