Do You Know What Financial Advice Really Means?

One of the problems for retirement savers is untangling the jargon about who gives them advice and who offers guidance. Pensions minister Ros Altmann says she is confused, so if you are shopping for a Qualifying Recognised Overseas Pension Scheme (QROPS), who can give you the right advice? The Financial Conduct Authority (FCA) says anyone … [Read more...]

IFAs Give Pension Transfers To Unauthorised Advisers

Financial watchdogs are cracking down on UK based IFAs who are outsourcing to unauthorised advisers to switch pension companies for clients. The Financial Conduct Authority (FCA) has accused several IFAs of requesting unregulated advisers to transfer pensions into self-invested pension plans (SIPPS) or Qualifying Recognised Overseas Pension … [Read more...]

Treasury Seeks Better Money Advice For Consumers

The Treasury has started a major review of the way financial firms and IFAs give advice to consumers. The aim is to open access for everyone to have personal, affordable and professional advice when they want to make important financial decisions. The review will run until later this year and report to Chancellor George Osborne to make any … [Read more...]

15 Web Sites Giving Support To Expats

It’s easy to feel isolated as a new expat moving to a foreign country, but plenty of online support and advice is available if you know where to look. Facebook and Twitter both have social media channels for expats, but anyone looking for more personal or local advice can turn to a number of specialist web sites run by expats for expats. For … [Read more...]

America QROPS overview – what you need to know

For many individuals leaving the UK, QROPS – or Qualifying Recognised Overseas Pension Schemes – are tax-efficient funds which can accept a UK pension and dramatically increase income and investment flexibility. However for USA residents or citizens, finding the right scheme for your needs can be particularly complex – something compounded by … [Read more...]