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Follow on Google News | QROPS Stop and get a second opinion.Read this before you sign your life savings away.
By: Press room Have you been advised to transfer your UK pension to a QROPS ? Was a Transfer Value Analysis (TVA) undertaken by a UK CII G60 qualified financial advisor? If your answer to the first two questions is yes but the answer to the last one is no, then stop! FSA regulations on Final Salary pension transfers, make it compulsory for an IFA to undertake a TVA (Transfer value analysis) as part of the pension transfer advice process. However as these need to be prepared by a Chartered Insurance Institute G60 qualified adviser, there are very few who can offer this service. Yet it is vital that this is undertaken as it clearly shows in financial terms whether a QROPS transfer is beneficial or not. Without it you or your adviser will not know if your transfer is financially viable. A company called OIIA will undertake a Transfer Value Analysis (TVA) for you free of charge, whoever your UK pension is with. Other IFAs charge up to £500 for this service. This combined with discounted fees and a cash rebate, ensure that you get the right solution at the lowest cost possible. Recently they gave a second opinion on a proposed £1,500,000 transfer that a leading IFA was strongly advising be undertaken. After conducting a TVA, as this had not been undertaken by the first IFA. Their advice was to remain in the UK scheme. Take the opportunity of getting a second opinion before you sign your life savings away. To find out if your UK pension would really benefit from transferring to a QROPS. Contact them now at: info@pension- Or visit their website: http://www.pension- # # # Financial advisers to Expats. Specialising in QROPS pension transfers and Personal Portfolio Bond Management. QROPS advice given by Chartered Insurance Institute G60 qualified advisers. Authorised Portfolio Manager to all Offshore Bond providers. End
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