Close confirms taking a step closer to launching US QROPS following research which has provided it with "a hypothesis for a workable proposition."
However, Rex Cowley, Head of Products and Services, warns that due to the nature and complexity around delivering what he calls “a robust solution”, the entry limit for this product will be $300,000.
Currently, Mr Cowley’s team are looking into avenues regarding distribution to determine demand, a process he expects to take around two months. “If this result is positive we will look to construct a separate scheme for this market,” confirms Mr Cowley. www.closeqrops.com
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