Momentum Pensions Review

Best For: International UK SIPP

Products & Costs:  Malta QROPS - Momentum Malta Retirement Trust, £645 set up, £895 annually.

Gibraltar QROPS - Momentum Gibraltar Retirement Trust, £645 set up, £895 annually.

International SIPP (UK) - £300 set up, £500 annually.

Jurisdictions: Isle Of Man, Gibraltar, Malta
Service: 8.6/10 – Good processing times, very fast response to phone and email.
Overall: 7.4/10 – A very good trustee with the option to switch jurisdictions without charge, however, their reputation has been muddied by the CWM issues. They have also become rather tight from a compliance perspective which has removed some flexibility around underlying investment choices.

Main Positives: Longevity in the industry and still a key player despite recent issues. Tight compliance. 

Main Negatives: The well documented issues with CWM clients and some negative press. More restricitve asset choices.

Company Overview:

Momentum are pension specialists and independent trustees. Unfortunately the much publicised issues with Continental Wealth Managements clients in Spain, with pension losses of clients the result of forgery on behalf of the financial advisory firm who were placing clients with momentum, has effected Momentums previously sterling reputation. Arguably now they are the strictest, most compliant and most risk adverse trustee in the international space if you can look past the bad press.