Specialist advice for UK residents with existing QROPS arrangements.

If you have a Qualifying Recognised Overseas Pension Scheme (QROPS) and now live in the UK, it may be worth reviewing whether the arrangement still meets your needs.

Over the years I have reviewed a number of QROPS policies for UK residents. One thing I have found repeatedly is that many people are paying significantly more than they realise in fees and charges, often considerably more than would typically be expected from a modern UK pension.

I specialise in helping UK residents review existing QROPS arrangements and, where appropriate, transfer them back to a UK pension. This can be a complex process, not least because many UK pension providers are unwilling to accept transfers from overseas pension schemes.

Transferring back to the UK is not always the right course of action and in some circumstances it’s not possible. However, I have successfully helped a number of clients transfer their pensions back to the UK, reducing costs and complexity while bringing their retirement savings back under UK consumer protections.

“I had moved my pensions abroad into a QROPS. Unfortunately it just lost money. Robert was the only person who thought he maybe able to help. With his professional and friendly advice, he managed to get my pension back to the UK.”

If your QROPS has not been reviewed for several years, it may be time to take a fresh look.

Why Review a QROPS?

Many people established a QROPS years ago and have not looked at it since.

Since then, circumstances may have changed. You may have returned to the UK, approached retirement or simply want a clearer understanding of your pension arrangements.

A review can help answer important questions such as:

• What charges am I paying?

• Are there multiple layers of fees?

• Are there any exit or surrender penalties?

• What am I actually invested in and is it suitable?

• Does the arrangement still meet my needs?

• Are there simpler alternatives available?

Every situation is different. If you would like to discuss your own circumstances, I would be happy to help.