Personal Pension  

Novia Global unveils retirement account

Novia Global unveils retirement account

Novia Global is expanding its offering with the launch of its new global retirement account.

This has been administered by Dominion Fiduciary Services, and established under trust in Malta.

The qualifying recognised overseas pension scheme (Qrops) account is designed to enable advisers to combine the full benefits of an online straight-through processing service.

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According to Novia, it is encompassing a broad asset range with the flexible tax-efficient properties that a Qrops can provide.

The Novia Global Retirement Account is a defined contribution arrangement designed to provide flexible retirement benefits to the member and death benefits nominated by the member.

It is open to any qualifying investor via their intermediary.

Adviser View

Paul Davies, director at Global Qrops, said: “It is positive that Novia has teamed up with a reputable trust company [Dominion] to produce a new Qrops option with a flexible approach.

“As with all Qrops, though, it is important that this is recommended, by an adviser, for an appropriate client – taking into consideration all factors including the client’s resident status [in retirement] and their retirement goals.”