Pension Scheme — Pension and Superannuation Blog

Baillie Gifford Takes Out Top Prize at FTA Investment 100 Club Award

For the third consecutive year, Ranfurly Superannuation’s Fund Manager, Baillie Gifford has won the Financial Times Adviser top award. The Edinburgh-based investment management firm bet out nearly 100 other nominees to take out first place in the coveted Large Investment Group category.

The criteria are based on short-term and long-term outperformance and firms are to demonstrate real potential for the next five years. Judges noted that they felt that Baillie Gifford’s numbers were simply “too good to ignore”, after a year going from strength to strength.

Awards, Baillie Gifford, Fund Manager, New Zealand, Overseas Pension Transfer, UK Defined Benefit SchemeEmilie Gallaugher20 January 2020Ranfurly Strategic LimitedBaillie Gifford, awa, new, New Zealand, UK Pension Transfer to NZ, UK Pension Transfers, Pension Scheme, Ranfurly

Baillie Gifford Nominated for Investment Company of the Year Award

Earlier this week, financial news and industry magazine Investment Week announced their finalists for the Investment Company of the Year Award 2019. Baillie Gifford is nominated in three categories including Best New Issue, Single Country and Group of the Year.

Awards, Baillie Gifford, New Zealand, Overseas Pension Transfer, Pension Transfer AdviceEmilie Gallaugher10 October 2019Baillie Gifford, award, asset managers, Overseas Pension Transfer, Pension Scheme, Ranfurly

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

Former Execs at US Investment Advisory Firm Accused of Conflict of Interest in Recommending Malta-based Overseas Pension Schemes

Two former employees of a New York-based investment advisory firm DeVere USA Inc, are accused by the US Securities and Exchange Commission(SEC), of providing pension transfer advice to hundreds of clients that may go against their best interest. In a conflict of interest which would see the employees receiving higher compensation from the pension transfer.

New Zealand, Overseas Pension Transfer, Pension Transfer Advice, MaltaEmilie Gallaugher24 July 2019Ranfurly Strategic LimitedMalta, News, financial news, Overseas Pension Transfer, Pension Scheme, Transfer Advice, QROPS NZ, UK Pension Transfer to NZ

Australian and New Zealand Residents with Malta-based Overseas Pensions, find out if you are you prepared for the coming changes to Maltese pension laws.

After receiving the go-ahead, the Malta Financial Services Authority (MFSA) is implementing amendments that change the way QROPS providers handle transfers and deal with financial advisers. The amendments bring in stringent new rules both for advisers and asset/investment restrictions. Following news of these regulatory changes, Australian and New Zealand pensioners with their pensions in Malta-based overseas schemes are being urged to check whether their pension pots are at risk and whether their financial advisers can still act and work on their behalf.

New Zealand, Overseas Pension Transfer, Pension Transfer AdviceEmilie Gallaugher28 June 2019Ranfurly Strategic Limited Malta, Overseas Pension Transfer, Pension Scheme, New Zealand, Australia, Retirement, Financial Times, Changes, QROPS NZ, UK Pension Transfer to NZ

Have an Malta-based Overseas Pension? Changes Being Made to Maltese Pension Regulations and What You Need to Know.

The Malta Financial Services Authority (MFSA) published a newsletter in January confirming amendments to the country’s Retirement Pensions Act. The amendments bring in stringent new rules both for advisers and asset/investment restrictions. Following news of these regulatory changes, pensioners with their pensions in Malta-based overseas schemes are being urged to check whether their pension pots are at risk.

Overseas Pension Transfer, Pension Transfer Advice, Superannuation, Overseas transfer chargeEmilie Gallaugher17 June 2019Ranfurly Strategic Limited QROPS NZ, Overseas Pension Transfer, Pension Scheme, UK pension transfer tax, Malta, New Zealand, Ranfurly, asset managers, investment manager, UK Pension Transfer to NZ

The Investment Philosophy of the Investment Manager behind Ranfurly Superannuation’s Underlying Fund

Iain McCombie is the investment manager of the Baillie Gifford Managed Fund that Ranfurly invests in. McCombie is an AA-rated manager, meaning that McCombie has beaten his bench-mark over a three-year period. This coveted rating is assigned to fewer than 25% of fund managers and provides a clear sign of their performance.

Continued uncertainty surrounding Brexit and the implications of a potential change in Government

The UK Parliament will hold a second day of indicative votes today where different Brexit options will be explored. This comes after the UK Parliament rejected the withdrawal agreement on March 29th, following two previous rejections of the entire deal. A power vacuum is being created in the government and if this instability continues in the following years, it could result in a change in government following the next general election in May 2022 or even sooner.

Brexit, New Zealand, UK 2022 Election, Superannuation, Overseas Pension Transfer, Pension Transfer AdviceEmilie Gallaugher15 April 2019Ranfurly Strategic LimitedBrexit, UK 2022 Election, financial news, Pension Scheme, Defined benefit pension scheme, QROPS NZ, 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.

Brexit, Overseas Pension Transfer, Pension Transfer Advice, UK Defined Benefit SchemeEmilie Gallaugher8 March 2019Ranfurly Strategic LimitedBrexit, Defined benefit pension scheme, Defined contribution, UK, Pension Scheme, Superannuation, Changes, UK pension transfer tax, New Zealand, QROPS NZ

New Changes to UK Pension Rules

A recent report by the UK Financial Conduct Authority (FCA) found that 47% of advice on defined benefit to defined contribution pension schemes was 'unsuitable’. Following this, the FCA has introduced new rules and guidelines for pension transfer specialists and consultants.

FCA, UK Defined Benefit Scheme, Superannuation, Brexit, Overseas Pension TransferEmilie Gallaugher16 October 2018FCA, Overseas Pension Transfer, Superannuation, Defined benefit pension scheme, Pension Scheme, Retirement, Brexit, QROPS NZ, RanfurlyComment

Ongoing Brexit Uncertainty Ignites Fears of a Hard Exit

With Brexit negotiations having resumed in the past few weeks, fears of a ‘hard exit’ have ignited. A ‘hard’ Brexit is the option favoured by those strongly supporting Brexit. Likely resulting in the UK giving up full access to the single market and significantly tightening immigration.

Overseas Pension Transfer, Superannuation, UK Defined Benefit Scheme, BrexitEmilie Gallaugher2 September 2018Ranfurly Strategic LimitedBrexit, Pension Scheme, Defined benefit pension scheme, QROPS NZComment

Investment Basics: Pension Terminology Explained

The financial world is a maze of jargon that investors and savers must cut a path through to find the information they want. Here is a guide to some of the more common financial phrases, used in both NZ and the UK, that you may need to know to help you understand pensions.

Emilie Gallaugher25 May 2018Ranfurly Strategic LimitedPension Scheme, Overseas Pension Transfer, Pension Terminology, Investment, RetirementComment