28 March 2019UK Pension Transfer Forum
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NZ Funds Private Wealth charge up to $1,000 to transfer a UK Pension.
* Britannia Retirement Scheme. Entry costs represent a contribution fee of up to 2.5% as disclosed in the PDS dated 22 March 2018.
NZ Funds Private Wealth charge up to $1,000 to transfer a UK Pension.
* Booster – Fidelity Super Plan, Number 3. Entry costs represent a contribution fee charged by a financial adviser of up to 5%, disclosed in the PDS dated 27 July 2018.
NZ Funds Private Wealth charge up to $1,000 to transfer a UK Pension.
* iSelect Superannuation Scheme. Entry fees of up to 5% may be charged by a financial adviser, disclosed in Other Material Information dated 21 December 2018.
who use the NZ Funds UK pension transfer process
If you or your spouse expect to live a long time past the agreed retirement age then these can be great for you. However, the main risk in such plans is the provider getting into financial difficulties and being unable to honour their promises. Which is why the UK government set up the Pension Protection Fund in 2008 as a backstop albeit not a full one. Since 2015 government funded defined benefit pensions (NHS, teachers police etc) are no longer allowed to be transferred to a QROPS.
Since 2015 government funded defined benefit pensions (NHS, teachers police etc) are no longer allowed to be transferred to a QROPS.
The value of your pension is based on a mix of contributions and investment returns over time.The details provided by your pension provider on their regular statements will tell you which type of pension scheme you have.
