Close Private Bank enters international savings and retirement plan sector with Opes offering

Close Private Bank has launched its first international retirement and savings plan. The Close Opes product offers advisers and clients a choice of either a saving or retirement option. According to Rex Cowley, director of products and services at the bank, plans written under the retirement option are internationally portable because the vehicle has the ability to adapt its structure to meet the international pension requirements of different countries around the world. Cowley also pointed out that the savings option had no benefit date, giving the plan holder access to the assets ...