The Malta Financial Services Authority approves QNUPS retirement scheme

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Following approval for a number of Malta QROPS retirement schemes, the Malta Financial Services Authority approved and registered the first 'QNUPS' retirement scheme in the last quarter of 2010. The approval was given to a Trustee licensed in Malta to act as a Retirement Scheme Administrator and has paved the way for other similar approvals.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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