BW Oakfield Group launches Kreston Pensions


Friday, October 21st, 2011

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Kreston International’s member, BW Oakfield Group will launch Kreston Pensions (Isle of Man) Limited at the International Adviser Magazine Hong Kong QROPS (Qualifying Recognised Overseas Pension Scheme) forum in November 2011.

Kreston International’s Isle of Man member, BW Oakfield Group will launch a new International Pension offering through a new subsidiary, which will tie in with the networks branding.

Kreston Pensions (Isle of Man) Limited (“KP”) is a wholly owned subsidiary of BW Oakfield Limited, the main trading Company.

KP is authorised and regulated by the Isle of Man Insurance and Pensions Authority.

The new company will be launched at the one of the acclaimed International Adviser Magazine Investment Forums, in Hong Kong on Wednesday 2nd November 2011.

This will follow a separate launch at the STEP Asia conference in Singapore on Tuesday 1st November 2011.

Commenting on the launch, Group Managing Director, Stewart Davies said;

“We are delighted to launch this Company to take advantage of the growing opportunities in the International Pension and QROPS (Qualifying Recognised Overseas Pension Scheme) market.

With a growing number of British Residents retiring abroad and an increasing number of non-domiciled high net worth individuals in the UK, the offering is tailor made for this market segment.

In order to drive the business, we have recruited John Batty as the new Head of Pensions. John was a key figure in the working party that generated the Isle of Man legislation, which received HMRC approval in May 2011.

Given the international nature of the product we have taken the opportunity of launching the offering in Asia, where Kreston International is particularly strong.”

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