Andrew from Vista Financial

Review of your transferred UK Pension Superannuation Fund (former QROPS)

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Have you have transferred your UK Pension to an Australian Superannuation Fund (under QROPS rules) prior to April 2017?

If so and particularly if you did this through your Bank (especially the Major 4 Banks) or one of the big UK Pension Transfer companies then a review of your Superannuation Fund really should be considered.

There are many reasons that a review could benefit you and add value to you for your retirement (which of course is the whole reason for having a pension/superannuation fund).

Some of the reasons for reviewing could be:

  • You are paying high fees for your fund when they are not warranted;

  • Your money is not invested in the correct Risk Profile in accordance with your needs/comfort zone;

  • You money is sitting in Cash and is not invested at all and therefore is not providing any/minimal returns for your retirement;

  • You are paying fees to a Financial Adviser who you feel you are receiving no benefit or value from OR even worse you are paying fees to a Financial Adviser who is not even contacting you for Financial Planning Reviews;;

  • Your investments are performing below expectations;

  • You do not think you can move your super monies to another Super Funs due to UK (HMRC) penalties (which actually may not be the case).

If you have any of the concerns listed above then a Review of your (former UK Pension monies) Superannuation Fund is most certainly warranted.

If you would like to review your situation then we are able to assist.  We are licensed Australian Financial Planners (former UK Advisers) who work with and maintain strong connections with UK Advisers and who deal with UK Expats daily (our business is predominately UK Expat based).

We will be in a position to help alleviate any of your above concerns by reviewing your Super Fund and if is it not appropriate AND a move is allowable (under UK rules which we will confirm) we can advise on a more appropriate Super Fund and/or Investment Portfolio for your monies which is more suitable for you.  

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