subject: Contact An Adviser For Qrops Advice [print this page] Are you looking to retire overseas from the UK and need QROPS advice on how to go about it? Rather than doing all the groundwork on your own, you can get the help of a QROPS adviser who can assist you with all that you need to know. Even if you think you would rather do away with an intermediary and initiate the transfer on your own, you will find that most funds allow such transfers only through authorized and licensed intermediaries.
Of course, you can ask your current pension provider on the formalities and he will be able to give you relevant information. However, do bear in mind that it is not in his best interests to have your account moved, as it would mean a loss of business to him. Also, do not hire QROPS advisers who are not located the in the UK as they may not know about the UK laws. The best source of genuine QROPS advice is from an adviser licensed by the UK Financial Services Authority, as he would not only be qualified but also would have undergone stringent tests to get his license and will be competent to answer your queries.
Before giving you any QROPS advice, the UKFSA regulated adviser will collect detailed information from you regarding your personal details, financial situation, and future financial requirements. Based on the data he has collected, he will then research the best country of jurisdiction where you can invest your funds and also suggest the best schemes that will suit you in that country.
You have a choice of many countries where you can transfer your pension funds and within each country there are several schemes available, which are on the HMRC approved list. This can make it extremely confusing for you to decide which one to opt for and this is why QROPS advice is useful. An adviser is well versed in the laws that govern the pension in each of these countries and the regulations that control these funds. Remember, even though the funds are located in another country, they are still under the purview of UK laws.
When you are considering opting for QROPS, you will have several questions that need answers. For example, you may wonder which countries offer the best jurisdiction for these schemes, or whether you are eligible to transfer personal pensions, work pension, and other pensions such as final salary into QROPS. An adviser will be able to answer all these queries and more in addition to giving you the best QROPS Advice.
