August, 15, 2016

UK Pension Brexit Update

UK Pension Brexit Update

The recent UK vote to leave the EU has caused UK pensions significant problems and pushed the spiralling pension debt to uncharted territory. However, for those living abroad with pensions still frozen in the UK it has opened up some major opportunities.

In some ways, it is a ‘perfect storm’ with inflation, interest rates, plummeting Gilts and spiralling pension deficits but also like all the planets have aligned to create the most fantastic opportunity for those with deferred UK pensions.

This is not an opportunity to be missed.

Contact UKPensionGuru to find out how you can benefit, now……




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UK Pension Brexit Update

CANADA closed to UK pension transfers!

Residents of Canada that hold UK pensions can no longer transfer those pensions to any Canadian pension after HMRC deregistered the last Canadian schemes this week.

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Defined Benefit pensions deficit spirals

The deficit of the 5,956 defined benefit pensions from the UK’s largest companies has spiralled to an all-time low with a deficit of over £800 billion. A stark contrast to the total surplus of only £4bn for the remaining schemes.

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