Contact

News & Insights

NEWS WRAP – Lost Pensions Worth £37 Billion

The firm calculated the average value of missing pensions at around £23,000 per pension saver and estimated that those who have a missing pension would be able to retire, on average, two and a half years earlier, in the event that they were able to locate all their funds.

Tracing a pension

Pensions form the bedrock of most peoples’ retirement strategies; it is vital, therefore, that savers are able to locate their savings so that they can plan appropriately and, if suitable, transfer and consolidate their pensions into a cheaper and more effective SIPP or QROPS plan – a strategy that may be particularly effective for those seeking expat pensions advice.

It is hoped that the impending introduction of the Pensions Dashboard will help to reduce the incidence of missing pensions by allowing savers to see all their funds in a single online platform location.

The dashboard was due to be introduced by 2019 but has been delayed by various factors, not least government preoccupation with Brexit and the temporary suspension of the Pensions Bill during last month’s general election.

Expat pensions advice

Blacktower Financial Management has offices throughout Europe and North America. It also retains its original office in the UK.

As a fully regulated and independent firm we are able to offer expat pension advice to our clients to help them ensure that their pensions are invested in the way that best aligns with their situation and goals.

For more information about how we may be able to help you, contact your local office today.

Disclaimer: The provision of information in this communication is not based on your individual circumstances and does not constitute investment advice. Blacktower makes no recommendation as to the suitability of any of the products or transactions mentioned.

* https://www.profilepensions.co.uk/infographic/lost-pension-treasures/   Accessed 17-02-2020

This communication is for informational purposes only and is not intended to constitute, and should not be construed as, investment advice, investment recommendations or investment research. You should seek advice from a professional adviser before embarking on any financial planning activity. Whilst every effort has been made to ensure the information contained in this communication is correct, we are not responsible for any errors or omissions.

Other News

Chinese Investment Could Hold Key to Future of Grand Cayman Wealth Management

Maneki NekoThe Cayman Islands has signalled its intention to invite greater Chinese investment opportunities following recent corporate events in Asia in which Cayman Finance CEO Jude Scott spoke about the potential for increasing collaboration.

While attending events in Shanghai, Beijing and Hong Kong, Scott, whose organisation is charged with protecting, promoting and developing the Cayman Islands’ financial services industry “through cooperation and engagement with domestic and international political leaders, regulators, organisations and media”, spoke of how The Cayman Islands could use their status in the wealth management industry to benefit Chinese investment.

Read More

How to Reduce and Manage Financial Stress

With the events of the last two years resulting in increased stress levels for many, it is more important than ever to recognise the impact of stress on our mental and physical wellbeing and take steps to prevent or reduce stress becoming a catalyst for more serious health concerns. Financial pressure is one of the […]

Read More

Select your country

Please select your country of residence so we can provide you with the most relevant information:

You are currently viewing the Blacktower Financial Management EU website.

You may be looking for the Blacktower United States website.

Blacktower United States > X Stay on this site

Or choose your country.