By 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.
If you have not downloaded Vault Mastercard for multi currencies exchange have a look at our advert below, it is gaining major interest as the smart way of exchanging monies, all at no cost.
PS not a word on Brexit, may be next month!
*Ed's notes: obviously not a company advertising with Female Focus Publications.