It depends on the jurisdiction you resided in when you took the advice or conducted the transfer. It also depends on where your advisor was based at the time the advice was given or conducted. Some jurisdictions are highly regulated. These include the UK, USA, the EU, Hong Kong or Singapore. These jurisdictions have procedures in place that support complaints […]
This is an ongoing job and your advisor should tailor the investments to your risk profile goals and needs. This is a full time job and normally entails an advisor fee of 0.25% to 1% deepening on the size and complexity of the management involved. The performance of these bonds can vary differently depending on the funds that are chosen. […]
Trustees and the jurisdictions themselves have improved their due diligence on funds. Meaning it is harder for some rogue advisors to give bad fund advice. Scant consolation for anyone who does hold these funds however. The worst part is that sadly there is little that can actually be done once a fund has gone into admiration or failed. Once the […]
Any of the above that go wrong will have serious negative consequences on the value of you fund and subsequent quality of retirement. Many of these illiquid funds have collapsed due to liquidity problems or fraud. This scenario is a disaster and each client in any of the below funds would have lost a lot of money. I have never […]
This is critical but sadly hardly considered when conducting the actual transfer. The worst issues I have seen are illiquid funds and structured notes that failed. In short your funds and investment strategy should be bespoke to your needs. Your attitude to risk should be established and a portfolio built around this. Your attitude to risk can change, regular reviews […]
Let’s take an example of an investor who has a $500,000 single premium lump sum. The fund fees are 2% per annum in general. In addition to the broker management fee of 1% and the platform fees. Markets rise by 8%, the investor would thus make 4% return. Ultimately, if the fees could even be reduced by 0.5%-1% per annum, that […]
Yes. You can switch your advisor at any time for no cost. A second pair of eyes looking in detail can show us some interesting findings. Hidden charges or poor fund selection is normally what I come across in this situation. After all, if clients were making great returns they would not be looking for a second opinion. Yet even […]
Get more than one quote and get a second opinion. Feel free to email me at matthew@regency-wealth.com
In short it depends on where you will retire. Tax, income requirements, beneficiaries needs and many other factors play a part in this calculation. Which jurisdiction is also a key component. Some have different variations that can lower your taxable income. Some allow flexi access others do not. Once again it makes sense to get a second opinion on these […]
A lot of clients were sold a QROPS in the past for potential tax savings or other inherent advantages. Some of the potential advantages have now been eroded by HMRC meaning they are stuck paying higher fees for a QROPS they do not need or get any benefit from! Some trustees can switch between jurisdictions for free! We can help […]