Tag Archives: QROPS
QROPS facts for expats

QROPS Facts – Number 1

If you are UK resident, even if you have a QROPS, you still have to purchase an annuity come pension time.

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Financial future of retired miners

Financial Future of Thousands of Ex-Miners in Doubt

The financial future of thousands of retired miners and their families was thrown into the balance  a couple of days ago as Britain’s last coal company plunged into administration. As a result, more than 3,000 former miners will see their pension entitlements slashed by 10% under terms of a rescue deal from UK coal. The […]

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Week in Focus

Week in Focus – One Step Ahead

How much – if at all – should investors care about the loss of the UK’s AAA credit rating? The move by rating agency Moody’s on 22 February has quickly and predictably become a political football, prompting much posturing and some soul-searching among the main parties, but the issues for investors are more nuanced. There […]

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QROPS Provider in Liquidation

If you have a QROPS/SIPP with Isle of Man provider Prophecy Pension Trustees Limited, then you will either have just received or be just about to receive a letter advising you of their voluntary liquidation. While this has come as a surprise, it should be nothing to get overly concerned about as the liquidation only […]

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Expat ETF Investing, offshore investing, retirement planning

6 Reasons Why You Should Consider Investing in Exchange Traded Funds

Here are 6 great reasons why expats should consider investing in Exchange Traded Funds (ETFs): Cost – This is the advantage that gets most of the air time. ETFs are, in general, much cheaper than regular mutual funds. The main reason for this is that ETFs are passively managed (i.e. they simply track an index like […]

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Financial Market Update for UK expats. Education. Retirement. QROPS. Zurich Vista

Weekly Market Review

Review of the Markets for Week Ending 23rd of March Investors might be forgiven for thinking nothing much happened last week except for the Budget – though, as it was, Chancellor George Osborne’s third effort was largely neutral for them. Arguably more interesting was a report from Goldman Sachs strategists Peter Oppenheimer and Matthieu Walterspiler, […]

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Look under the hood of your employer pension

Give Your Frozen Pension a Health Check – Case Study

I have recently been working with a client who has a frozen pension scheme with his employer. He has worked for the same company (a large multinational) for the past 20 years. The first 10 or so were spent in the UK and he was a member of the pension scheme there for that time. […]

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Qualifying Recognized Overseas Pension Scheme - News for UK Expats

QROPS Update – Isle of Man Announcement

The Isle of Man’s pension industry has finally broken its silence on the impending change to QROPS legislation, making only their second official comment since the proposed changes were announced in December last year. In a statement that doesn’t actually say much they announce that they have drawn up “a number of options” to deal […]

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Warning against early relese pension offers

Pension Unlocking/Reciprocation Schemes

In an unprecedented move, the UK Financial Services Authority, HMRC and the Pensions Regulator released a joint statement a couple of days ago, warning consumers to steer clear of pension offers that claim to be able to provide loans or release tax-free cash from people’s pension pots before they reach age 55. You can read […]

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Consider this when looking into QROPS

Consider This When Looking Into QROPS

I know that QROPS schemes have their place and they certainly have real benefits for some. However, if your current pension is a with-profits scheme, here is something that you MUST ask before deciding to trade it in for a QROPS. Does your current scheme have a guaranteed annuity? A lot of with-profits schemes do […]

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