Many Brits, and those that spent time working in the UK, have built up a pension pot with the companies they were working for. Despite the amount of news coverage it receives, the pension crisis in the UK is affecting many expats hoping to enjoy an early retirement.
Pension Transfers Values have risen sharply
Most UK companies are unable to afford to keep paying their former employees a salary for life, largely due to the rising costs of providing the benefits and the fact that we are living much longer in retirement. If the company is not able to pay it’s pension liabilities, then the pension is moved into the PPF – where you are guaranteed to receive a significant reduction in retirement income.
Many expats do not keep track of their UK pension, unaware that if they were to pass away then only half of their pension goes to their spouse and none of it to their adult kids. The fact they get heavily penalised if they access the pension before 65 years old, and then do not have flexibility in the amount they can withdraw, puts a lot of people in a very difficult financial position.
As an expat, you have options available to you that ensure you can get flexible access to your pension from the age of 55 years old. You will also be able to ensure that your beneficiaries receive 100% of your pension should something happen to you, as well as ensuring that your pension is secure regardless of your former company’s financial status.
“William is a great adviser. He knows me well and my personal goals. He prepares himself well for our quarterly meetings and always monitors the maturations of my investments. Looking ahead and planning new investments.”
“Consolidated my Pensions with deVere some 8 years ago, whilst working in the Middle East. Having now retired and living in China, deVere have continued to manage my Scheme with consistent professionalism, with regular reviews and product information.”
“William has been great. He’s diligent and patient in helping us with everything from giving us regular reviews of our account to advising and assisting us with requests. He is knowledgeable about what is happening and able to answer all of our questions clearly.”
“William has been my client manager for the last 5 years. He has been very good in understanding my risk profile and guide me and my portfolio in the right direction during quite turbulent years. I’m happy to recommend William to anyone or any company that require his services.”
“deVere has been handling mine and my wife’s long and short term investments for the past 3 years. Our advisor, Will, is excellent at putting our finances into perspective and ensuring that we make the best possible decisions regarding our future.”
“deVere China (Shanghai) and my advisor William Trayford have been excellent in keeping me updated about my investment plan. They are proactive about setting regular review meetings and keep every meeting focused on the goals that I have set.”
“I have been a deVere client for many years, and built a good relationship with William during my time in China. He helped me to solve some difficulties I had, while also finding banking solutions and new investment options that fit my objectives.”
“I have been a deVere client for about 12 years during expat assignments abroad. I have been working with Will for the past 4 years whilst posted in China, and would recommend him highly. He is very straightforward, listens to my needs, and recommends products that work. Best deVere adviser I have had to date!”
“William has been my client manager for as long as I can remember. He is very proactive and very prompt in answering my queries and requests. It is my pleasure to have him as my client manager. I would not hesitate to recommend William to anyone or any organisation that require his services.”
“William has been my Financial Advisor for over 3 years since I moved from Dubai to China. I have found William very considerate, extremely helpful and straightforward when giving me advice on my SIPP and related investment decisions. It is my wish that our relationship will carry on for a long time and I take this opportunity to thank William for his services to me.”
