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

Bespoke Wealth Management – Investing in fine art or collectibles

When choosing a piece of fine art or a collectible, there are many different things to consider and assess. Initially, there is the practical side; you might contemplate whether a piece will suit your current interior design style, whether you have space for it or if it is within your budget. Undoubtedly, and perhaps more […]

Read More

Finding quality healthcare as an expat

Doctor's white coatIt’s currently winter, which means it’s also cold and flu season. Sometimes, despite trying to avoid the germs as best you can, you just can’t help falling ill. And when that happens, you realise the value of quality healthcare.

For expats who have moved overseas, but can’t yet speak the language of their host country, finding a doctor can be difficult and may be something that requires assistance.

At Blacktower we would always suggest that finding a suitable doctor is a priority and should be high on your list of priorities when working out your expat retirement planning.

Read More

Select your country

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