Business Awards 2018

6 2018 Business Awards Company: Trireme Pension services Contact: James Barber-Lomax Address: 6 Snow Hill, London, EC1A 2AY BU180003 Best Cross-Border Specialist Pension Provider 2018 Trireme Pension Services is an award-winning multi-jurisdictional pension administration and trustee services firm specialising in designing, establishing and administering single member pension solutions and corporate retirement and employee benefit plans. We profile the firm to gain an insight into the secrets behind its success. From its strategically located offices in Malta and Guernsey, Trireme can provide solutions from within the EU or outside depending on the needs of the individual client. As an EU jurisdiction, Malta can provide stability for EU based individuals and corporates while also holding double taxation agreements with more than 70 countries worldwide which offer transparent taxing rights on pensions. Guernsey has long been one of the main international financial centres with a depth of legislative precedent and the local professional services to help support international engagements and a streamlined tax profile offering non- resident members zero tax on benefits taken from Guernsey-based pensions. This may be a fully tailored solution or a packaged offering, but the engagement is always supported by the technical expertise of our business development executives and administration teams. Trireme is part of the PraxisIFM Group which was established in 1972 as an independent, owner-managed group of companies providing a wide range of bespoke professional services to private individuals, families and international corporate clients. PraxisIFM listed on The International Stock Exchange in April 2017 and provides pension, private client and corporate administration and fund services. As an independent company, Trireme is not tied or affiliated to any underlying service provider, nor do we earn from any commissions or retrocessions. The firm is able to provide a truly independent service for its clients with a fee agreement set at the outset of the relationship, providing a truly transparent structure. Overall, the international personal pension market has undergone big changes over the past few years as individual jurisdictions react to the evolving environment. Ever-increasing life expectancy also increases the need for personal pension savings. This naturally leads to increased regulation on service providers in order to ensure the protection of pension savings. While adapting to the emergence of alternative investment options, such as virtual currencies, regulators are understandably putting greater responsibilities on fiduciary services firms to ensure that investments held within a pension are appropriate for a long-term savings structure and supported by necessary security software. Therefore, Trireme strive to understand and analyse these changes to keep its teams and intermediary relationships up to date while managing its clients’ expectations, and this will remain the firm’s ongoing focus as it looks towards a bright future.