Contact

News & Insights

Pension Freedoms. Are they for you?

But what is the reality? It appears that blocks are being put in the way by large pension providers to people trying to access their money. Companies are concerned that the amount of money that could be potentially drained from their holdings would make them vulnerable to collapse.  

In response the providers are putting in place restrictions that prevent savers from having bank account like access to their money. These restrictions include long delays, high charges, misinformation or just saying to no to that type of service

Mr. Osborne’s proposals are now in danger of being sunk by the pension industry’s commercial interests. While some companies are clearly keen to capture business and compete in the new world of accessible, flexible pensions, other providers, mainly the large insurers that for decades profited under the old regime, are dragging their feet.  If you are feeling trapped by what is happening with your pension, Blacktower can help you. We have enormous experience in dealing with providers and can offer ways of transferring your money, in lots of cases to other providers which are tax efficient and with the freedoms you would hope for. We can plan for you an individual response that suits your needs.

Other News

Banking as an expat – Can I open a UK bank account while living abroad?

There are many questions potential expats have when they are planning to move abroad or when they first arrive in their new country of residence. At Blacktower, with specialist expat banking financial advisers across Europe, in countries like France and Spain, and in Grand Cayman and USA, we have probably heard them all! In this guide, we’re tackling the question of expat banking.

Read More

UK inflation rate falls – Good news?

Blacktower FM - LondonSo, the Spanish inflation rate is currently running at – 0.9%.  Good news you might think, if things are cheaper your money will go further. Conversely, the fall in inflation reported last week in the UK (CPI) of -0.1% does not represent good news.

The vast majority of British ex-pats in Spain rely on their pensions and savings income to get by on.

So why should you care about the rate of inflation in the UK?  It might well be good for people who work there, as wages show some signs of growth but not so good for pensioners.

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.