Choosing the best QROPS pension transfer advice

Anyone who wants good QROPS advice needs to know who to speak to for independent, impartial and accurate information.

Scrolling through the thousands of web sites, blogs and downloads available about QROPS pensions, it’s plain to see that much is misinformation from interested parties.

On one side, an endless list of UK pension providers and investment advisers speak against QROPS because many have a vested interests - they can see that as expats become more financially savvy, business is moving out of the UK to QROPS schemes and at the same time investment and life business is going with it.

On the other, lots of dubious QROPS ‘advice’ is offered by rogue firms who claim to have QROPS solutions that make promises that they can’t deliver - at an often over-inflated price to the investor.

With this in mind, anyone looking for a QROPS pension transfer should consider a few key points:

Quality advice

Select a financial firm with a strong record of successful QROPS transfers, like QROPS Adviser. We handle hundreds of cases a month.

Look for a strictly regulated firm

Don’t go with fly-by-night advisers who have no regulation, look for a firm like QROPS Adviser that has a professional administration centre and qualified consultants who can give expert financial and tax advice

Make sure the firm keeps in touch

Good customer service is important so clients can tabs on their QROPS set up and transfer of funds. QROPS Adviser has a secure online tracker that logs every development so clients are updated online or via their mobile phone

Confirm the firm’s experience

With almost 1,500 QROPS products available in 40 countries, any financial firm needs to have the resources to give timely and accurate cross-border tax advice. Clients also need to know the recommended products suit their financial needs and only providers on HM Revenue and Customs QROPS list are put forward for consideration.

Fair and transparent fees and costs

Some stories about extortionate fees charged by rogue advisers are shocking. Any financial firm should give a straightforward breakdown of any fees and costs associated with a QROPS transfer otherwise clients cannot make informed decisions about their retirement planning. QROPS Adviser has a policy of keeping clients informed every step of the way about the negatives as well as the positives of any QROPS transfer.

You don’t have to choose QROPS Adviser to deal with your QROPS pension transfer, but if you don’t, you owe it to yourself to make sure the standards of advice and customer service are not compromised by someone offering a deal that sounds too good to be true.

Trust us on this - if the “deal” or “offer”  is out there, we’d have it or something better and if we don’t then it probably is too good to be true.