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Move to Spain. Is it QROPS the best option?

Move to Spain. Is it QROPS the best option?

Old May 9th 2013, 10:26 am
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Default Re: Move to Spain. Is it QROPS the best option?

Call centre here raided for offering unlock your pension scams.

http://www.dailymail.co.uk/news/arti...ing-fraud.html
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Old May 9th 2013, 6:16 pm
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Default Re: Move to Spain. Is it QROPS the best option?

Originally Posted by jackytoo
Call centre here raided for offering unlock your pension scams.

http://www.dailymail.co.uk/news/arti...ing-fraud.html
thought I was going to see Govt Ministers and Bank Bosses being lead away in handcuffs
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Old May 10th 2013, 12:00 am
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Default Re: Move to Spain. Is it QROPS the best option?

Originally Posted by jackytoo
Call centre here raided for offering unlock your pension scams.

http://www.dailymail.co.uk/news/arti...ing-fraud.html
The depressing thing about this is that the police are bound to hand all the evidence to HMRC and the victims will be hit with huge unauthorised payment claims. If they were desperate for cash, then they won't be in a position to pay HMRC.

Unfortunately, although there have been warnings on the old FSA website, The Pension Regulator's website, the Pensions Advisory Service's website and so on, normal members of the public will not have read them.
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Old May 10th 2013, 7:37 am
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Default Re: Move to Spain. Is it QROPS the best option?

Originally Posted by Otto The Squid
The depressing thing about this is that the police are bound to hand all the evidence to HMRC and the victims will be hit with huge unauthorised payment claims. If they were desperate for cash, then they won't be in a position to pay HMRC.

Unfortunately, although there have been warnings on the old FSA website, The Pension Regulator's website, the Pensions Advisory Service's website and so on, normal members of the public will not have read them.
then why advertise on these places ??

why not advertise where the people are going to see them and react accordingly like the Daily Mail, Daily Telegraph, Daily Express, Sun et al

it would only take a real saddo to go to the Pension Regulators website - I know I have done it and come away baffled.

When people find out they can get 25% of their pension at the click of a button they aren't going to worry about the ramifications, it is "rainy day" money. It is Raining and they need it NOW!! It will stop the bank from foreclosing on the house, the car, the credit cards etc.

But then what would someone from the banking/insurance/pensions business know about debt, that is something the little people have
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Old May 10th 2013, 9:19 pm
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Default Re: Move to Spain. Is it QROPS the best option?

Originally Posted by Domino
then why advertise on these places ??

why not advertise where the people are going to see them and react accordingly like the Daily Mail, Daily Telegraph, Daily Express, Sun et al

it would only take a real saddo to go to the Pension Regulators website - I know I have done it and come away baffled.

When people find out they can get 25% of their pension at the click of a button they aren't going to worry about the ramifications, it is "rainy day" money. It is Raining and they need it NOW!! It will stop the bank from foreclosing on the house, the car, the credit cards etc.

But then what would someone from the banking/insurance/pensions business know about debt, that is something the little people have
Good question. There have been a lot of complaints from UK pension trustees about the lack of action taken by the authorities. On the one hand, trustees have felt unable to stop a suspicious transfer as this was a client's right but on the other, if the transfer triggered a financial penalty on the client it also can trigger a fine for the UK pension trustees who allowed the transfer. They were stuck between a rock and a hard place.

A proper information campaign would have been far more effective, The Pension Regulator's website is hardly entertaining reading.

Ivory towers springs to mind. The salaries the UK regulators are paid are unbelievable, all with a nice gold plated final salary pension scheme.All funded by the advisers, banks, insurance companies who, no doubt, pass on the costs onto the consumer and so it goes on.
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Old May 11th 2013, 12:42 am
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Default Re: Move to Spain. Is it QROPS the best option?

Originally Posted by Otto The Squid
Good question. There have been a lot of complaints from UK pension trustees about the lack of action taken by the authorities. On the one hand, trustees have felt unable to stop a suspicious transfer as this was a client's right but on the other, if the transfer triggered a financial penalty on the client it also can trigger a fine for the UK pension trustees who allowed the transfer. They were stuck between a rock and a hard place.

A proper information campaign would have been far more effective, The Pension Regulator's website is hardly entertaining reading.

Ivory towers springs to mind. The salaries the UK regulators are paid are unbelievable, all with a nice gold plated final salary pension scheme.All funded by the advisers, banks, insurance companies who, no doubt, pass on the costs onto the consumer and so it goes on.
Oh there is not doubt about that Otto.


you probably know more about pension fund trustees making complaint, but in my limited and humble experience it is never very loud, never voracious - just enough to be seen to be doing something. Don't evenworry about not getting any response. But it makes for good reading in the annual glossy sent out to all fund members 6months after the end of year.

After all, they are all looking forward to their own seat at the top tables at Ivory Towers
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Old May 11th 2013, 7:06 pm
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Default Re: Move to Spain. Is it QROPS the best option?

Originally Posted by Domino
Oh there is not doubt about that Otto.


you probably know more about pension fund trustees making complaint, but in my limited and humble experience it is never very loud, never voracious - just enough to be seen to be doing something. Don't evenworry about not getting any response. But it makes for good reading in the annual glossy sent out to all fund members 6months after the end of year.

After all, they are all looking forward to their own seat at the top tables at Ivory Towers
There is the start of a wind of change in the UK, this article covers this issue quite well (from the Pension Plowman, who is becoming a thorn in the side of the government I would guess)

http://henrytapper.com/2013/05/12/ha...-or-killed-it/

Perhaps in time, all EU regulators will remove commission payments from investment products or at least force advisers to give customers a choice of an hourly fee for actual services rendered or transparent commission disclosure. Perhaps it would be a better use of the Eurocrats' time than discussing the amount of maximum permitted curvature of bananas.
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Old May 12th 2013, 1:03 am
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Default Re: Move to Spain. Is it QROPS the best option?

Originally Posted by Otto The Squid
There is the start of a wind of change in the UK, this article covers this issue quite well (from the Pension Plowman, who is becoming a thorn in the side of the government I would guess)

http://henrytapper.com/2013/05/12/ha...-or-killed-it/

Perhaps in time, all EU regulators will remove commission payments from investment products or at least force advisers to give customers a choice of an hourly fee for actual services rendered or transparent commission disclosure. Perhaps it would be a better use of the Eurocrats' time than discussing the amount of maximum permitted curvature of bananas.
think you will find there is very little curve on Canary Plátano's - like most native Spaniards they are short, its only the stuff from other parts of the world that are longer and have a greater curve.
It is this - and the British influence in the West Indies - the EU banana curvature was there to restrict
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