Aug
09

Aug
09
The introduction in 2015 of unrestricted flexible access from age 55 for UK Defined Contribution Pensions (also known as DC, or Money Purchase schemes), an option not available to those with a Defined Benefit Pension (DB, or Final Salary schemes), resulted in many people considering switching to Defined Contribution Pensions in their search for greater access to, and control over their retirement funds.
Cash equivalent transfer values were at record highs driven by historically low gilt yields, as well as concerns and uncertainty around Defined Benefit schemes funding and deficits i.e. their ability to make good the promises made to their Members.
The United Kingdom’s decision to leave the EU has had an unexpected impact on Defined Benefit Schemes.
Given the uncertainties, let’s revisit the reasons that a pension transfer should be considered for expats with UK Defined Benefit Schemes.
If you are the holder of a Defined Benefit Pension (or indeed any other type of Private UK Pension) and are living (or planning to live) overseas, then it is imperative that you contact us today to enable us to help you assess the options that you have in relation to these pension benefits.
In the first instance one of our pension specialists will get in touch with you to discuss your circumstances, establish your requirements and objectives, and isolate the options at your disposal. If there is then recommended action to carry out, we will work with you through the entire process to ensure that your pension is relocated appropriately and securely, and that your retirement income is protected and maximised as a result.
For international workers, holding assets in different countries can prove complicated. Di...
Read MoreAs we all live longer, and with the cost of living continually rising, it is more importan...
Read More