COPIA+ is a Guernsey retirement annuity trust scheme that will sit alongside the bank's Qualifying Recognised Overseas Pension Schemes - QROPS - product, the COPIA Retirement Plan. But unlike QROPS, a QNUPS has no reporting obligations to the UK tax authority or IHT liabilities for scheme beneficiaries after death.

The QNUPS product is aimed at financial advisors with clients who are British expatriates or foreign nationals with UK IHT exposure, regardless of whether they have retired or not. It is available via Kleinwort Benson’s international network of supporting IFAs and wealth advisors and will be supported through the KB Academy online financial advisor portal.