Introduction to the SGRBS
The Sovereign Gibraltar Retirement Benefit Scheme (SGRBS) is a cost-effective pension plan designed to reduce your annual fees through a flat capped fee of 2% *per annum.
Transferring is easy, with Sovereign acting as trustee alongside trusted partners managing your investments, ensuring a streamlined, value-focused approach aligned with consumer duty standards.
*Flat administration fee of 2% per annum with a Total Expense Ratio of 2.35%.
Please note: this plan is only available to existing Sovereign members.
Key Benefits of SGRBS
Streamlined Management and cost efficiency: Centralisation of platform, and investment management services for simplicity and ease. The SGRBS is designed to reduce annual fees by centralising all pension stakeholders—including the platform, pension provider, and investment manager—into a single solution. This simplifies management for members, providing all information and communication from one unified source.
Enjoy a capped 2% pa fee structure for transparent, reduced costs which guarantees lower costs for members, making it a more economical choice compared to existing plans.
Have your assets managed by Morningstar, who provides independent research, powerful portfolio management tools, and comprehensive investment data to support well-informed, diversified investment decisions.
Simplified transfer process: Transferring to the new SGRBS is easy and straightforward for members, minimising disruptions and ensuring a smooth transfer experience.
The best deal for you: Consumer Duty is a standard introduced by the Financial Conduct Authority, in the UK, intended to improve protection for financial-services firms in the UK. The changes were announced in 2021 and officially came into force on 31 July 2023. The Duty came into force in Gibraltar on 9th May 2024. The Consumer Duty principles, require companies to act in their members’ best interests, ensuring they offer the best value and most cost-effective solutions.
Frequently Asked Questions
Contact Us for More Information
Contact Details:
Sovereign Pension Services (Gibraltar) Limited
Sovereign Place
117 Main Street
Gibraltar
GX11 1AA
Email: GibraltarPensions@SovereignGroup.com
Tel: +350 200 76173
Please note, this offer is currently only available to existing QROPS Members.
Please contact us if you have any questions or queries and your local representative will be in touch with you as soon as possible.