Interest Rates Going Up? Pension Pot Down.. Is it Time to Act?

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devere spain logoBy Steve Iball, deVere Spain

If you’ve been following the news recently, you will have heard the Bank of England start to signal that interest rates might go up. For many people who have a UK Final salary pension, this should raise your awareness to HIGH ALERT. Put simply - and we’ve mentioned this many times this year - this would mean that if you want to transfer your pension to an International Trustee ie QROPS / SIPPS, the ‘pot’ available will get smaller. With interest rates at a sustained low, current transfer valuations are high, but will only go down when interest rates rise.
So honestly do you fully understand the value of your schemes, their security and potential restrictions? If not it is time to act! Our advice is only provided once we understand your schemes and often it is not to move it. What I’m saying is that it costs nothing to find out. At deVere we offer a totally free, and no-obligation fact finding service. We can tell you exactly where you stand and then YOU can decide what to do. Of course, we’ll present you with some options of what you can do, and this is again somewhere deVere excels. We fully understand you financially and personally check your attitude towards risk, very likely it will be like most of our clients, cautious. It is important to know where you stand, and some options to explore, and all for the price of a phone call!

In terms of being regulated and your investments being protected, deVere is regulated here in Spain and our statements are clear and fully transparent. You can check anything we say directly with the Trust /investment company so you can talk to us in confidence.

I say this because you may have heard rumblings about a local wealth management company being in trouble*. If you have investments and are at all worried, again call me and I’ll be happy to review and advise you. We, without charge, give you an independent view of your current arrangements, please accept this in good faith. Call me on 610 822 484 or email This email address is being protected from spambots. You need JavaScript enabled to view it..

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PS not a word on Brexit, may be next month!

*Ed's notes: obviously not a company advertising with Female Focus Publications.