Close Private Bank first to gain QROPS approval for its pensions

Close Private Bank has become the first private bank provider of local Guernsey pensions to be approved under the Qualifying Recognised Overseas Pension Scheme (QROPS) rules in the UK. Robbie Moore, business development manager at Close Private Bank, said the move demonstrated the group's continued commitment to providing pension solutions to individuals resident in Guernsey. "It also demonstrates the quality of our pension plan in that we believe our application is the first Guernsey scheme of its kind to be authorised," he said. Moore said Close is the only multi-national blue-chip com...