AMP launches QROPS product
AMP has launched its Qualifying Recognised Overseas Pension Scheme (QROPS) product within its New Zealand Retirement Trust (NZRT). This will enable members to transfer their UK pensions to New Zealand and to AMP from their existing QROPS in New Zealand.
NZRT members have access to 27 investment funds, including nine new funds recently launched within the scheme.
Therese Singleton, AMP’s general manager of insurance and investments, said: “Customers want a QROPS solution that is backed by a company with the strength, scale and the trusted brand of AMP. Through AMP’s extensive network of aligned advisers and integrated distribution model we are offering a complete end-to-end QROPS solution.
“In particular, we are aware that customers want to do business with a top-tier provider like AMP, which is already licensed under the Financial Markets Conduct Act. As the new regulatory regime takes effect and potentially impacts other QROPS, it is important customers select a provider they will be comfortable with in the long-run.”
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