Frequently Asked Questions
Some of the most frequently asked questions about our company and financial advice in general.
Q: I thought that using “offshore jurisdictions” was illegal?
A: We only recommend the use of jurisdictions which are on the OECD “White List”. In other words, jurisdictions which are well regulated, comply with all international standards and which have suitable investor protection. A distinction must be made between “tax evasion” and “tax avoidance” which is perfectly legal.
Q: Are offshore products complicated?
A: Essentially, in terms of understanding, offshore and onshore products are very similar.
Q: I thought you have to be very rich to use offshore structures?
A: You do not have to be a High Net Worth Individual to take advantage of these structures. It is now possible for individuals on modest incomes to take advantage of investing offshore.
Q: Can I have access to my money?
A: During your meetings with a Forth Capital consultant, we will listen to your requirements and ensure that our recommendation will meet all of your criteria, including access to your capital.
- When should I start saving for my pension?
- It is widely advised that you start saving for your pension as soon as reasonably possible. The sooner you begin to invest into your pension, the more likely you are to achieve the lifestyle you are looking for in retirement.
Forth Capital advisers would usually recommend saving or investing a portion of your salary or earnings into a suitable investment vehicle for your goals. In most cases, a state pension should be supplemented with additional investments above and beyond the mandatory minimums outlined in new pension rules introduced to the UK in 2016.
- My pension investment has crashed, what can I do?
- The most suitable advice will alter from product to product. If a pension investment has not worked out the way you’d expected, speak to a Forth Capital adviser for bespoke feedback on your personal circumstances.
Q: I don’t yet know where I will retire, so is it impossible for me to plan effectively?
A: No. There are specific retirement planning solutions available to international residents or ‘expats’ that are entirely accessible wherever you may reside. If the specifics of your planned retirement are unclear, then all the more reason to ensure that you establish financial independence and take control of your retirement provisions, so that your options are not limited by financial means. In actual fact, a very large percentage of expats have this same concern and we specialise in helping people plan in the absence of a determined ‘final destination’.
Q: I think I read in the press that UK pension transfers are being stopped, is this true?
A: You can still transfer most types of private UK Pension. The UK government have put in place a charge for transfers in some specific cases, meaning that the viable options that are available to you in terms of the product solution may be more limited depending on your current location – but in all cases we have established solutions for our clients to ensure that these charges will not apply.
Q: What is the level of confidentiality offshore?
A: We only recommend jurisdictions where confidentiality is paramount. Nobody, other than the account holder will have access to information concerning the account.
Q: Is Forth Capital regulated?
A: Being a financial services company registered in Switzerland, we take our responsibilities extremely seriously. To that end, we feel it is important for our clients to see that our business is regulated by a recognised regulatory body, OAR-G.
Q: What level of service does Forth Capital provide?
A: We pride ourselves in looking after our clients’ interests and to that end we meet at regular intervals to review the investments and make any necessary changes. We also take the hassle factor out of finance by doing as much of the paperwork as possible.
Q: Can I change my mind?
A: After we receive your account application you can change your mind and the account will not be opened. Once the account is opened and you have invested in selected products you can choose to sell the investments at any time. Some products do have an early redemption fee, therefore if you cancel your investment and the value of the instrument may have fallen in this period, you may receive less back than the original investment.
Q: Can I switch my investments?
A: Forth Capital monitors the performance of your portfolio on a daily basis. We will advise you when the time is right to realise the gain and take your profit from each investment. However, you may wish to exercise your right to either keep or sell any investment at anytime.
Q: How can I monitor my investment?
A: The investment houses that we use will provide you with regular valuations and most have online facilities that you can use to access valuations on a daily basis. In addition, your Private Banking Adviser provides updates as frequently as you request. The components of your portfolio are monitored on a daily basis, depending on the product, and clients are advised if and when the Investment Committee suggests a strategic course of action.
Q: How can I invest?
A: You can contact a Forth Capital adviser for details or you can arrange to meet us online, by phone or via one of our office locations. Call us on +44 131 6000 625 to arrange an initial meeting. Forth Capital will make a detailed proposal once an initial analysis of your objectives has taken place.
If your own questions are not covered among these frequently asked questions then please do not hesitate to contact us.