Isle of Man’s QROPS Bureau drops the QROPS in QB Partners rebrand
Isle of Man-based The QROPS Bureau has dropped QROPS from its name and announced that it has rebranded as QB Partners.
The rebrand, while it does not end the company’s historical connection with QROPS-related advice, it does remove direct correlation of the firm’s activities with what has been a much-maligned form of retirement planning.
The branding now reflects a broader approach to the scope of technical support that it provides to professional advisers and product providers, the company said.
The QROPS Bureau was launched in 2009 and quickly established a strong profile and reputation for the provision of independent technical support on QROPS and other forms of international pensions planning.
And in recent years the company has been dealing with different structures surrounding retirement planning including SIPPs, QNUPS, International Annuities, International/Non-UK Pension Transfers, Lifetime Allowance Planning and Defined Benefit Transfers.
Historically, The QROPS Bureau has worked primarily with financial advisers in the UK. In recent years the business has started to work with overseas based advisers in order to assist them in giving holistic advice to their clients.
David White, pictured left, managing director of QB Partners, said: “The QROPS Bureau has always been a solutions driven service and we have developed a wide range of international pensions planning capability since our launch in 2009. The launch of our trust and estate planning service earlier this year signalled our intention to offer advisers a wider range of support in those areas in which they need technical back up from an independent specialist.
“The QROPS Bureau brand has served us well in providing clarity as to what we do but as the business continues to evolve we wanted to establish a brand which we could build on going forwards.”
White, who recently featured in International Investment’s ezine edition 16, which featured a special report on forthcoming changes within the Isle of Man, added that QB Partners will retain some continuity with The QROPS Bureau as a brand as is the same people, offering the same service, but with a “wider range of solutions”. It will also work in partnership with financial advisers and product providers.
QB Partners offers two main ways of working, depending upon whether the adviser wishes to give the advice with our support, through our suitability report service, or to outsource the advice through our specialist adviser service.
Advisers also have the choice of working with the company through its on line service platform, or in the more traditional way. Advisers can become a member of our on line service platform without any cost and have the option of upgrading to a paid subscription which gives access to our technical library, expert panel and discounts on suitability reports, QB Partners added.
The QROPS Bureau was established in 2009 by Andrew Dobson and David White in the Isle of Man. The QB Partners brand actually was first registered in 2010 with the intention of using it for non QROPS related work.