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Interesting curation of Blacktower Financial Management news

  • In In Focus
  • 04/09/2022

Here is an interesting curation of Blacktower Financial Management web pages with financial advice and news mostly for expatriates seeking to grow and protect their wealth.

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

QROPS transfers to get cheaper

CubeIt has just become more straightforward for those looking to transfer their pensions into a QROPS in France, with many pension providers promising to drastically reduce their exit charges in the wake of comments from Chancellor George Osborne saying he will introduce legislation to cap costs.

This comes in the wake of concerns that some savers have been discouraged from making the most of flexible pensions access because of exit charges of between 5% and 10%.

Osbourne commented, “The government will not allow financial firms to rip off customers who have spent their working lives saving hard for retirement.”

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Women experience large shortfall in pension contributions

Women looking at a computerA new study has highlighted the issue of the gap between women’s pension pots and those of men. The size of the difference? According to the research, by the end of her working life the average woman could potentially end up £47,000 worse off than men in terms of what’s in their pension pot.

The study, carried out by Zurich, looked at 250,000 pension plans, making it one of the largest studies of workplace savings. It looked at pension plans broken down by age, gender, and the contribution rate of employers and employees.

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