founded upon a strong and international legal and governance framework
Our aim is to offer a trustworthy and robust pension savings solution that is founded upon a strong and international legal and governance framework. We believe this is essential to building strong and lasting relationships based on transparency and trust.
The 7Q Retirement Partners management committee sets high standards of compliance with all the applicable legal and regulatory framework, both on national and European Union level.
- Supervision
- Member Eligibility
- Payment of Benefits
- Cross-Border Transfers
- Loans to Members
- Transfer-in/transfer-out
The 7Q Retirement Partners is a pension Fund regulated by the Registrar of Occupational Retirement Benefits Funds under the Ministry of Labour and Social Insurance. The 7Q Retirement Partners operates in accordance with EU Directive 2016/2341 on the activities and supervision of institutions for occupational retirement provision (IORP II) including any subsequent amendments made and/or any new Regulations or Directives issued.
The 7Q Retirement Partners is administered and managed by 7Q Financial Services Ltd which is regulated by the Cyprus Securities and Exchange Commission under license number: 061/05. 7Q Financial Services Ltd operates in accordance with EU Directive 2014/65 (MiFID II) and EU Regulation 600/2014 (MiFIR) on markets in financial instruments including any subsequent amendments made and/or any new Regulations or Directives issued.
The 7Q Retirement Partners is administered and managed by 7Q Financial Services Ltd which is regulated by the Cyprus Securities and Exchange Commission under license number: 061/05. 7Q Financial Services Ltd operates in accordance with EU Directive 2014/65 (MiFID II) and EU Regulation 600/2014 (MiFIR) on markets in financial instruments including any subsequent amendments made and/or any new Regulations or Directives issued.
The 7Q Retirement Partners accepts all permanent or otherwise eligible employees of the participating employers, which have signed a participation agreement with the the 7Q Retirement Partners management committee, and who have attained the age of 18. Member eligibility criteria are further defined in the participation agreement between the management committee and the participating employer.
Benefits from the 7Q Retirement Partners may only be paid to its eligible members or to their legal heirs upon retirement or termination of employment due to dismissal or permanent incapacity or voluntary termination or death of the member. The 7Q Retirement Partners rules of operations on the events and timing of the benefit payment are as required by applicable law and regulations (e.g. retirement age as defined in applicable laws) and aligned with market practice (e.g. certificates and documents evidencing termination of employment).
The 7Q Retirement Partners can perform cross-border activities and accept sponsorships by undertakings located in other Member States of the European Union, subject to authorisation from the competent regulatory authorities.
Loans may be granted to members of the 7Q Retirement Partners for the reasons and under the terms and conditions determined by applicable laws and regulations.
Upon the request of a participating employer and subject to the approval of the 7Q Retirement Partners management committee, the 7Q Retirement Partners may accept requests from a member or group of members to transfer-in or transfer-out accrued benefits from another approved and registered retirement fund (IORP) in Cyprus or abroad.