For professional advisor use only

• The Broker will advise their Client on which Trustee is suitable for their personal requirements

• The jurisdiction of the Trustee is a key consideration when choosing the most suitable QROPS for Broker’s Client

• The Trustee is the provider and administrator of the QROPS, as recognised by HMRC

• The Trustee is the applicant (and therefore ultimate owner) of the Hansard contract

• The Hansard contract is established in the name of the QROPS

• The Client may also be referred to as: - the Settlor -theBeneficiary - the Life Assured

• The Client must formally appoint the Trustee to act on their behalf

• The Client may also appoint their Broker as a Fund Advisor to the contract, although the Trustee must endorse the appointment

• Hansard’s main relationships will be with the Trustee and the Broker

• Hansard has established business relationships with a number of regulated trust companies, based in various recognised jurisdictions

• Hansard will establish a contract in the name of the QROPS, linked to the EOU account of the Broker

QROPS A guide for brokers to the roles & processes when writing QROPS business with Hansard

The roles

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Broker

Trustee

Client

Hansard

Simplifying QROPS

Overview of a typical process

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The Trustee will also send the following documentationto Hansard:• completed Supplementary Application

for Trusts

• certifiedidentityandaddressverificationfortheclient

• original UPP Application form and Fund Advisor form, the latter to be countersigned by the Trustee (enabling the Broker to act as Fund Advisor)

• Hansard will establish the contract in the name of the QROPS, linked to the introducing Broker. The contract will then be viewable on Hansard OnLine.

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The Client, with assistance from their Broker:• appoints the Trustee to manage the QROPS

• chooses a suitable product and product provider, e.g. a UPP from Hansard

• completes the relevant sections of a UPP application form

• appoints the Broker as a Fund Advisor to the policy, completing a Fund Advisor form.

In the meantime, the Client will provide their Broker with a letter of authority, authorising them to make initial contact with the transferring scheme provider

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4

The Broker sends the completed UPP Application & Fund Advisor form to the Trustee along with the information received from the transferring pension scheme provider

On appointment, the Trustee can arrange the transfer of the Client’s existing qualifying pension to their own QROPS (this process can take 6-12 weeks), using the information collated by the Broker

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When the pension transfer value is received, the Trustee will deduct their fees and send the balance proceeds (source of funds) along with the transfer confirmation letter received from the Regulated Pension Providers (source of wealth) to Hansard

Commission is generated and paid tothe Broker. Policy documentation is produced and issued in the name ofthe QROPS

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Hansard has Trustee relationships in place with numerous providers, here are just a few……..

Hansard International Limited Harbour Court, Lord Street, Box 192, Douglas, Isle of Man IM99 1QL, British Isles

Telephone: +44 1624 688000 Fax: +44 1624 688008 Website: hansard.comRegistered Number 032648C

Regulated by the Isle of Man Insurance and Pensions Authority

HO2047O 08/04/15 Page 4 of 4

Important Notes

HansardInternationalLimitedproductsareonlyavailablethroughindependentfinancialadvisors,onthebasisthattheindependentfinancialadvisoris,inallcases,actingsolelyastheagentofandonbehalfoftheclient.

The information contained within this document does not constitute an offer for any Hansard International Limited life assurance or capital redemption product in any jurisdiction.

Past performance is not a guide to future performance. Unit prices can go down as well as up. Unit price performance will be affected by movements in exchange rates.

For full details of our products, please refer to the relevant product literature which can be provided by your independentfinancialadvisor.