Pension Life is working towards making offshore financial advisers more transparent. We have created a list of 10 essential questions for offshore advisers and their preferred answers. For too long precious pension funds been left in the hands of unqualified, unregistered advisers and unregulated financial advisory firms. Offshore advisers need to follow a strict set of rules just as UK-based ones do. Being offshore doesn’t mean you can invent your own set of rules for financial advice. However, it seems more and more people are being poorly and illegally advised in the transfer of their pension funds. Offshore advisers often use unnecessary insurance bonds to skim extra commissions without disclosing these commissions prior to the pension transfer. It is clear more information needs to be available to the clients of these ill-advised pension transfers. With greater transparency, pension holders would be able to make better informed decisions about advisers to whom they entrust their transfers. Also, they will have better knowledge of how to spot a pension scammer. #brexit #pensionlife #pensionscam #costascam #pensionscammers #expat #hmrc #standards #offshore #essential #questions #pensiontransfer #financialservices #hiddencharges #regulation #regulate #codeofconduct #illegally #poof #poof #gone #stolen #protectyourself #protection https://www.instagram.com/p/Bvye6Rlhqj0/?utm_source=ig_tumblr_share&igshid=8dnvplwm7xhx
