Job Responsibilities of a UK Pension Transfer Specialist

1. Job Responsibilities of a UK Pension Transfer Specialist AUK pension transfer specialist specialises in giving advice on pension transfers, pension conversions and pension opt-outs. They help clients decide whether or not a pension transfer is the best move to make and ensure that they get the most benefit out of their retirement fund.Pension transfer specialists use what is known as a TVAS report to ensure that a pension member gets the optimal outcomefrom a transfer. If you are a pension holder, a UK pension transfer specialist can help you decide whether to move your pension fund offshore or keep your original scheme in place. They can help you better understand what ROPS (Recognised Overseas Pension Scheme)—formerly QROPS or Qualifying Recognised Overseas Pension Scheme—is all about and which of the rules and standards the scheme follows when it comes to the distribution of said pension within an offshore environment. Pension transfer specialists and professionals can likewise help reduce tax exposure on your retirement fund and make sure that the pension is in the correct currency or the same currency as the jurisdiction or country you wish to retire in. A UK pension transfer specialist can also help you expand investment options for your pension scheme. It is important that the UK pension transfer specialist meets the regulatory requirements from the FCA