Malta's first QROPS

Low Cost Fully Flexible Pensions.  Multi Currency.

As seen in Malta Profile Who's Who


Company History

MC Trustees (Malta) Limited was established to provide a QROPS (Qualifying Recognised Overseas Pension Scheme), and is a sister company to MC Trustees Limited, which operates in the UK.

MC Trustees' Background


MC Trustees in the UK  

MC Trustees in Malta

A history of knowledge, expertise and attention to detail.    

MC Trustees was established by Martin Cadman who set up a pensions consultancy in 1986.  Since 1996 MC Trustees Limited has specialised in the provision of Self Invested Personal Pensions (SIPPS) and Small Self Administered Schemes (SSAS).      

MC Trustees is a UK leader in the provision of bespoke SIPPS. The company launched its first SIPP in 1995 and has been administering SSAS since 1986. 

Today MC Trustees looks after over 2,000 plans holding over £400m of clients’ assets.

This has been achieved by a combination of product knowledge, technical expertise, compliance with all its regulatory obligations and an unparalleled attention to detail.

MC Trustees (Malta) Limited was established in 2009 and set up the first Retirement Scheme in Malta, the MCT Malta Private Retirement Scheme.  We are fully committed to the country and the QROPS market.

The business works in conjunction with MC Trustees (Administration) Limited which currently provides some compliance, accounting, technical and administrative support from its UK office. 

A second scheme, the MCT Malet International Retirement Scheme, designed to provide low cost investments has also been set up. 

The individuals listed below are Trustees to both Schemes and Directors of MC Trustees (Malta) Limited.


Martin Cadman

Martin Cadman the Managing Director, is a former Chairman of the SIPP Provider Group and has spent 21 years as a committee member of the Association of Pensioneer Trustees, the SIPP Provider Group (four years as Chairman) and the Association of Member Directed Pension Schemes. He has also represented the industry on:

  • The Inland Revenue Consumer Forum; 

  • The Pensions Industry Working Group; and 

  • The Financial Industry Trade Discussion Group. 

From 2007 to 2013 he was responsible for the liaison between the member directed pensions industry and the Financial Conduct Authority (formerly the Financial Services Authority).

He is a Bachelor of Arts (Hons), a Fellow of the Pensions Management Institute, a Fellow of the Chartered Insurance Institute and a Chartered Insurance Practitioner.


John Rusher

John Rusher, the Chief Executive Officer has experience of more than 36 years in financial services, two-thirds of that time in banking, with the remainder in leading positions in other regulated financial services businesses.

He started his career at Nat West Bank in Birmingham, before moving to other major cities around the UK as National Development Director in Independent Financial Advice firms.  In 2007, he moved to Malta with his family to give his expertise to a local financial services company followed by a spell at HSBC as Head of International Banking. 

John leads the team in Malta and has responsibility for Business Operations, Anti Money Laundering, Compliance and Business Development.

John's interests are in the promotion of Malta as an international financial location, and the development of cross border pensions. His passions are for technology, travel as well as playing cricket.


Dr Noel Buttigieg-Scicluna

Trained as a lawyer, Noel Buttigieg-Scicluna is an experienced consultant who has worked with a Maltese Law Firm. Between 1976 and 1990, Noel practiced law in the Maltese Courts dealing mainly with Commercial and Civil law cases. Between 1987 and 1996 he served as a member of the Board of Directors of the Libyan Maltese Holding Company Limited, a holding company bringing together various companies set up by the Maltese and Libyan Governments.  His public career has included roles such as Maltese Ambassador to Denmark, Hungary and Austria, and non-resident Ambassador to Sweden, Finland, Norway and Hungary.  Noel was also a Member of Parliament in Malta between 1982 and 1987.

As well as being a Co-Trustee he is Company Secretary to MC Trustees (Malta) Limited.


W Daniel Dane

Dan Dane has 54 years’ experience in the UK life and pensions industry. A founding Director of two major UK life insurance companies, and has served on the Board of several “listed” companies. Served as a Director of a US Bank, and also adviser to a US Venture Capital company.

In 1970 was Chairman of the Institute of Insurance of London Advance Study Group, into the Marketing and Merchandising of Insurance.

More recently has been the Managing Director of an expatriate pension specialist IFA for 17 years.

He is a graduate of the Royal Military Academy Sandhurst and Fellow of the Chartered Institute of Marketing