Pictured above: Magna Wealth Management managing director Angela South (front left) with head office staff Piera Braley (right) and Debbie Dutton (rear left) and Justine Noyce. The business has created eight full and part time jobs in a year 

Pension specialist Angela South has launched a UK division of her highly successful Expat Pension Providers Ltd business.

The Warwickshire-based IFA has been advising expats living in Spain, France and Cyprus for three years on the potential benefits of Qualifying Recognised Overseas Pensions (QROPS) and Qualifying Non-UK Pension Schemes (QNUPS).

Expat Pensions was founded by offshore pensions expert Angela South in 2007 and incorporated as Expat Pension Providers Ltd in February 2010. The business has seen phenomenal growth in the past 12 months, moving from one full and one part time employee to eight full and part staff in the past 12 months to service its expanding client list.

In January this year Ms South moved the business from rented accommodation in Worcestershire to offices she has purchased in leafy Temple Grafton in Warwickshire to cater for current and further expansion.

Now she has launched Magna Wealth Management as a UK brand to provide local and UK-based advice.

She explained: "From my contacts built up over more than two decades in the pensions marketplace, we have been receiving increasing numbers of inquiries on UK pension issues.

"These have ranged from pension splitting on divorce, to SIPP property purchases and questions on how the new National Employment Savings Trusts will impact on businesses.

"Clearly this kind of inquiry and requirement for advice did not sit comfortably under the Expat Pensions' banner, and so we have launched Magna Wealth Management to handle all UK pensions, savings and investment inquiries."

Magna Wealth Management and Expat Pension Providers Ltd are now based at Croft Court, Croft Lane, Temple Grafton, near Alcester in Warwickshire.

The office purchase was made possible through a Self Invested Personal Pension (SIPP) provided by Brooklands Pensions with banking facilities provided by Brown Shipley Private Banking.

The business is regulated by the Financial Services Authority in the UK and sets very high compliance standards.

Angela South said: "Our experience originates in the UK financial services market and increasingly our friends in the business and media community are coming to us for advice on issues ranging from property purchases via a SIPP, which we have just completed in double quick time for ourselves, pension splitting in divorce and for an independent appraisal of company pension schemes - particularly focusing on the onset of NESTs - the National Employee Savings Trusts  - which are coming into operation for larger companies over the next 20 months to October 2012.

"This is an area we see growing rapidly in 2011 now we have established Magna Wealth Management as our UK brand."