MOMENTUM Pensions have announced approval of the Momentum Malta Retirement Trust by the Malta Financial Services Authority (MFSA), together with recognition of its QROPS status by the tax authorities in the UK.
Mark Gaywood, Group managing director of Momentum Pensions, said: ‘I am delighted that we have gained approval from the MFSA for our Malta pension scheme. We are excited by the additional breadth that this will give the company in expanding our business internationally. Since our launch in 2008 we have established ourselves as a leading provider of pension trustee and administration services, allowing our clients to take advantage of the flexible international pensions legislation.’
David Borg, Malta based director, said: ‘As one of the first wave of pension schemes to gain approval in Malta we are delighted to be launching our Maltese product.
‘We have a great, competitively priced solution that offers a wide range of investment choices, that will appeal to Malta residents, UK expatriates and foreign nationals. There are significant benefits to considering an international pension and we look forward to developing our business with professional advisors, both locally in Malta and internationally.’
Momentum Pensions specialises in the creation and delivery of domestic and international pension arrangements.