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Welcome to our newsletter |  Summer 2013

Our quarterly newsletter has been created to provide you, as one of our valued introducers and/or clients, with regular industry updates regarding a range of topical issues and furthermore to provide links to relevant expert and industry resources to enhance your understanding of certain issues that might affect you (or your clients).

From industry news to our latest product offerings you can find it all right here in the Concept Group quarterly newsletter.


Industry news

Automatic Exchange of Information, the New EUSD V.2

Over the last decade we have seen a significant shift in the thinking of tax authorities within a cash strapped Europe. People will need to come to terms with the impact of an ever increasing loss of financial secrecy for their affairs no matter where they locate them.

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Draft QROPS Regulations

On Friday 24 May, HM Revenue & Customs (HMRC) released the Draft Registered Pension Schemes and Overseas Pension Schemes (Miscellaneous Amendments) Regulations 2013.

The draft regulations provide some much sought after clarity for the requirements and obligations of "former" QROPS.

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French Taxation of Offshore Trusts and Reporting Obligations - Chapter 1

Concept are currently in the process of contacting all of their French resident scheme members with an interest held within a personal pension trust, such as the range of Aurora International Pension Plans, including the "former" Aurora QROPS.

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French Taxation of Offshore Trusts and Reporting Obligations - Chapter 2

Since the release of this blog, the advice that Concept has taken has confirmed that reporting is necessary and as such the policy going forth is to report. This will be the case for all members of our personal pension trust based schemes – this does not include contract products.

Advisers and clients are currently being contacted to advise of this policy.

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French Taxation of Offshore Trusts and Reporting Obligations - Chapter 3

Concept has concluded its initial actions on the member's of its pension trusts and the impacts created by the French Taxation of Offshore Trusts.

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Pension Liberation

Pension Liberation is becoming more of an issue in the UK than has previously been the case, with a number of apparent “loopholes” being exploited to make pension payments outside of what is permitted under UK law.

Concept believes that such scams should be exposed, and outline some of the implications here.

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UK Annual Allowance and Lifetime Allowance

It was announced in the recent UK Budget proposals that the UK annual allowance (the maximum annual pension contribution that is eligible for tax relief) is set to reduce from £50,000 to £40,000 in 2014-15. This is yet a further reduction in the personal allowances, having been reduced significantly from £255,000 as recently as 2010-11. It is anticipated that this will be reduced even further in future years.

In addition to the reduction of the annual allowance, a further cut to the lifetime allowance (LTA) was also announced. The UK LTA is set to reduce from £1.5 million to £1.25 million from 2014-15.


Aurora Libertaï™ Retirement Benefits Contract/Trust

The Aurora Libertaï™ Retirement Benefits Contract and Trust (“Aurora Libertaï™ RBC” and “RBT”) are Guernsey based Retirement Annuity Schemes that are designed to provide a personal pension which is secure, flexible, portable and competitively priced, yet provides the potential for significant planning opportunities. The benefits of transferring into this scheme include:

  • Open architecture for investment
  • No formal minimum value imposed
  • Benefits available from age 55
  • Simple establishment and administration
  • Dedicated in-house technical support

For more information contact us on +44 (0) 1481 723550 or email us


Announcing the launch of our revamped and enhanced company website!

The website has been designed to make your life easier by providing you with a number of features, resources and tools, including:

  • An IFA login area that allows access to all downloads, calculators and technical guidance notes
  • Pension calculators, to highlight potential retirement income shortfalls and levels of contribution needed to meet income requirements

  • New look and feel in line with our corporate branding
  • Clear and simple site navigation
  • Details of the entire Concept product range, including Aurora Pensions and Fiduciary Solutions
  • Up to date industry news and links to our social media profiles
  • Ability to register for our quarterly newsletter and IFA login
  • The ability to request literature and on-site training

Visit the new Concept website

Training/meeting requests

If you wish to receive training or arrange a meeting with one of our sales representatives, please contact us on +44 (0) 1481 723550 or email us


Can’t wait till our next newsletter?

Why not check out our new social media profiles for regular updates and the latest news on our products, services and industry developments!

Concept Group Website