These radical changes were designed to give savers more choice over how and where they could invest their UK pension funds, potentially liberating many from the shackles of having to buy an annuity to provide an income for life (which had previously been compulsory for many UK pension schemes).
Are you sure you want to transfer your UK pension? Hang on a minute! Don't act until you understand all the options and implications.
I've already transferred my UK pension to a NZ QROPS. Is it possible to switch to another pension scheme?
SIPP or NZ QROPS? How might changes to UK pension legislation in 2017 affect your UK-NZ pension transfer options?
Is the shine wearing off the traditional "gold plated" pension? A summary of the current situation with UK Final Salary Pension Schemes
Research by retirement consultancy, Mercer, found that the combined DB pension scheme deficit of the UK's 350 largest listed companies was £137 billion in December 2016. That figure was 300% higher than in December 2015.
How and why has this situation occurred?
In this article we take a brief overview of a very complex subject. By explaining some facts we hope to give readers a greater understanding of how all this may affect their UK-NZ pension transfer options.
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