Leading financial services provider Abacus, with offices in the Isle of Man and Malta, has announced its Malta based fiduciary arm, Abacus Corporate Services Ltd (ACSL), has been granted a retirement scheme administrator licence by the Maltese financial regulator, the Malta Financial Services Authority.
ACSL’s first scheme, the product of a joint initiative with Carey Pensions & Benefits Limited, has already been approved in Malta and is now awaiting Qualifying Recognised Overseas Pension Scheme (QROPS) approval by HM Revenues and Customs (HMRC) in the UK.
Garry Crossan, chief executive officer of ACSL in Malta said that ‘with the addition to our Retirement Scheme Administrator licence we look forward to providing a range of retirement solutions via our partner networks’.
Tim Bush, director at Carey Group said: ‘We are delighted that in the near future we will be able to offer a QROPS solution for the expatriate community in conjunction with Abacus Malta’.
Carey Group provides a range of international and domestic pension solutions through its offices in Guernsey and the UK.
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