Perpetual motion

Perpetual’s Qualifying Recognised Overseas Pension Scheme (QROPS) fund has recently been re-approved by UK authorities.

Earlier this year new regulations for QROPS funds came into effect requiring existing New Zealand QROPS providers, excluding KiwiSaver providers, to either exit the industry or restructure their funds to comply with the revised regulations.

The re-approval means that the Perpetual Portfolio Superannuation Fund (PPSF) and its Personal Plan service can afford each member the opportunity to invest in a personalised suite of investments tailored to their individual risk profile.

“We believe this offering of a Personal Plan, customisable to the individual member, is unique to the New Zealand QROPS market,” Perpetual chief executive Patrick Middleton says. “Typically when investing in a QROPS or superannuation plan, members are limited in investment fund options. With the Personal Plan, members have the ability to choose underlying funds which best match their personal needs, circumstances and risk considerations”.