Archive for the "Pensions" Category

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HMRC updates QROPS list

Overseas pensions are complicated enough and HMRC has updated the Qualifying Recognised Overseas Pension Schemes (or QROPS for short)  list.
You can download it directly from  http://www.pensionmaximiser.com where the full list of approved overseas pension schemes is listed in geographical format.

Surge in QROPS enquiries

The number of people looking for QROPS advice has increased by 40% since the mini budget earlier this week, according to pensions provider, pensionoptions.org.
Between April 6, 2006 and April 5, 2008, more than 7000 pensions with a collective fund value of £0.5 billion were transferred from a UK based pension scheme  into a QROPS. This [...]

Pension loans service for expats

cashpension.net have launched their pension loans service for UK pension holders and expats. apensionloan.com spokesman said: “Our pension loans are quite flexible and allow borrowers to take between 10% and 50% of the value of their pension fund in cash. The beauty about this scheme is that depending on certain restrictions you will not have [...]

QROPS company opens office in Prague.

QROPS provider, apensionloan.com have opened a new office in Prague that is dedicated to providing QROPS advice to expats and UK pension holders living abroad. QROPS stands for Qualifying Recognised Overseas Pension Scheme.
On the 6th of April 2006, HMRC introduced new legislation on transferring frozen pension funds from the UK to overseas QROPS solutions. This change means [...]

Brooks McDonald to acquire Braemar property group for £4m

Brooks Macdonald, the fee-based adviser and asset management firm has agreed a £4m deal to purchase structured product and property group Braemar.
The 2.25p per share offer, which has been agreed by the Braemar board, is at a 63.6% premium to Braemar’s closing price last night.
Its Securities operation designs, promotes and manages [...]

New pension comparison service launched

Pension Options, the UK based marketing consultants have announced the introduction of a new pension and annuity comparison service.
The service is completely free to clients and it allows UK pension holders to compare their existing pension arrangements against other pensions in the market to see if there is any value in transferring their pension.
No advice [...]