British Expats

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Hi ,
Just wondering if anyone can recommend an UK based FCA registered financial advisor, that is authorized to advise UK expats in relation to transferring a pension between advisors in within the UK . Many thanks for any feedback in advance

Quote:

Originally Posted by Woody1983 (Post 13327050)

Which country are you in?

Indonesia , but that doesn't really have any relevance to my query really

Sorry my question should say " providers " and not advisors "

Quote:

Originally Posted by Woody1983 (Post 13327057)

Indonesia , but that doesn't really have any relevance to my query really

I would guess that most providers would not open a new account for someone who is not resident in the UK so your choices may be limited, even with an IFA providing the advice. (I just checked 2 of the big providers, Vanguard and Fidelity, and both require you to be UK resident when opening a new account)

I already have a second pension open with a UK provider as

Quote:

Originally Posted by Woody1983 (Post 13327061)

I already have a second pension open with a UK provider as

Good, then there are some of them around and an IFA should know which ones will open new accounts for non-residents.

I don't need to open a new account ,currently I have two fully open and active pension accounts with two different providers ..I am just looking to transfer from one to the other , but due to the pension in question having protected benefits by est of GAR I will need to obtain financial advice via a fca registered advisor , hence why I'm searching for one that supports expats

Quote:

Originally Posted by Woody1983 (Post 13327067)

That should work.

Pension Wise is a service I used when helping a friend. You should be able to access them through Citizens Advice or with them directly. Might be a good start.

https://www.citizensadvice.org.uk/ab.../pension-wise/

Quote:

Pension Wise is a government service set up to help people understand the pension options available to them. It offers guidance to help empower people to make informed decisions about their pension which are best for their individual circumstances.
â€‹â€‹â€‹â€‹â€‹.
.
Pension Wise offers guidance, not regulated financial advice. It can help you understand the information you need to make a decision, but the choice is yours. It will not recommend any financial products or providers and adheres to Financial Conduct Authority standards.

Trained guidance specialists will discuss the options available, the features of each and set out the next steps for service users.

Quote:

Originally Posted by Woody1983 (Post 13327057)

Indonesia , but that doesn't really have any relevance to my query really

It does, because there are countries where FCA rules mean that IFA's in the UK are not allowed to advise expats living in them.