Defined contribution — Pension and Superannuation Blog

UK Snap Election Could Drive Pension Uncertainty

Following numerous bids by the U.K. Prime Minister Boris Johnson to call a snap election, the deadlock has finally been broken. MP’s voted 438-20 in favour of the general election and the date has been set for 12 December. This near-unanimous support for the general election following three prior failed bids comes after the second Brexit deadline of 31 October passing with no deal yet in place between the European Union and the U.K.

Brexit, New Zealand, Overseas Pension Transfer, Pension Transfer Advice, QROPS NZ, UK Snap Election 2019Emilie Gallaugher18 November 2019Ranfurly Strategic Limited Brexit, Defined benefit pension scheme, Defined contribution, UK Snap Election 2019, Retirement, UK Pension Transfer to NZ, News

How a No-Deal Brexit Could Affect Your Pension

With on-going uncertainty surrounding Brexit, the talks of dramatic policy changes under the new Government, being aware of the potential impacts Brexit could have on your UK-based pension may help you get and remain ahead with your pension. Prime Minister Boris Johnson has signalled that Britain will leave the EU by the October 31 extended deadline with or without a deal if no agreement has been reached.

Brexit, Overseas Pension Transfer, Pension Transfer Advice, Superannuation, UK 2022 Election, UK Defined Benefit SchemeEmilie Gallaugher13 September 2019Ranfurly Strategic LimitedSuperannuation, financial news, Brexit, Retirement, Pension Scheme, Overseas Pension Transfer, Defined benefit pension scheme, Defined contribution, QROPS NZ, UK Pension Transfer to NZ

A Rise in the Number of QROPS Pension Transfers in 2018-19

Her Majesty’s Revenue and Customs (HMRC) has recorded an increase in the number of individuals that have transferred their pensions to a Recognised Overseas Pension Scheme (QROPS) in the 2018-19 financial year. The released data shows that there has been a 6% increase in the volume of transfers out of registered UK pension schemes, a total value of £640 million.

Overseas Pension Transfer, UK Defined Benefit Scheme, Pension Transfer AdviceEmilie Gallaugher23 August 2019Ranfurly Strategic Limited Defined contribution, Defined benefit pension scheme, Pension Scheme, Overseas Pension Transfer, Bonds, Ranfurly, QROPS NZ, Superannuation, UK Pension Transfer to NZ

Are You Brexit Ready?

For many of those with their pensions tied up in UK schemes and looking to get out, the looming threat of a no-deal Brexit, may mean being even more proactive in planning your future in retirement.