London & Colonial is eyeing Gibraltar as a home for its QROPS, as the island amends pension legislation.
The provider said a QROPS was the missing piece from its proposition, with Gibraltar likely to attract UK pension investors due to flexibility and EU status.
Adam Wrench, head of product and business development said: "The launch of our QROPS will fully complement our existing range that currently includes our UK SIPP and offshore QNUPS (EU SIPP)."
Gibraltar's government has published a bill to permit QROPS under a HMRC compliant regime, expected to appear in Gibraltar's parliament within the next 6-8 weeks.
Wrench said: We have no doubt that following the passing of the legislation this summer, Gibraltar's QROPS industry will grow in popularity as more providers recognise its merits, leaving it best placed to become the EU jurisdiction of choice."
"Unlike Guernsey, Jersey and the Isle of Man, Gibraltar operates as a fully compliant EU hub, adhering to EU regulations and provides a flexible and attractive option for UK taxpayers."
London & Colonial said it has attracted interest from Guernsey QROPS providers looking to form partnerships.
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