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What Does The Rate Rise Mean For UK Expats With A DB Pension?

Interest Rate Rise

The Bank of England has raised interest rates from 0.50% to 0.75%, the second increase in less than a year and its highest level in a decade.

A rate rise usually leads to a reduction in the Cash Equivalent Transfer Values (CETVs) of Defined Benefit pensions. As a result, many expats could see the size of their pot reduce significantly.

Download your FREE e-guide and find out how the interest rate rise may affect the value of your defined benefit pension pot, and:

  • Why transfer values have been so high
  • The benefits of staying in your existing DB scheme
  • What a final salary transfer entails
  • The difference between an annuity and draw-down
  • Who is eligible to transfer
  • The recent changes to expat pensions
  • The difference between SIPPs and QROPS
  • The costs if you did decide to transfer
db salary spread

Don't get caught out again, act now to preserve the value of your pension pot

With experts predicting more rate rises in the future, it’s likely that you will hear us and other advisers nagging you with uncomfortable urgency to obtain a transfer calculation for your DB pension.

There are many reasons why you might consider cashing in your DB pension, however this is not always the best course of action. Once you have that calculation secured, it will be guaranteed for 3 months and another sudden interest rate change can’t affect it, then you’ll have time to review your options properly.

Our team of researchers have already compiled thousands of extensive reports on behalf of our clients. With the findings of these reports we are able to make recommendations on the best course of action to ensure you maximise your returns.

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You want a firm and an adviser with a proven track record.

You want an adviser who is qualified to give specialist advice.

GWM USA is part of the GWM Group and is one of the few planning companies to have an in-house Investment Committee comprising both internal and external specialists.


All overseen by our own in-house Chartered Financial Analyst. All UK pension advice is supported by G60 qualified, UK Chartered Financial Planners ensuring you have access to the very best possible advice on your UK pensions

Whether you are considering transferring your pension or not, we would strongly advise you get your scheme valued now while your options are still healthy before yet another rate rise.

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The Importance of acting ahead of time

The important thing now is to be ahead of the queue and have your calculation done before the change in interest rates. Once we have that calculation secured, it will be guaranteed for 3 months and the interest rate change can’t affect it, so then you’ll have time to review your options properly.


GWM USA LLC, 1450 Brickell Avenue, Suite 2180, Miami, 33131 FL


GWM USA LLC is part of the Guardian Wealth Management Group for all Group regulatory details please visit https://gwm-usa-llc.com/about-menu/regulations. GWM USA LLC through its advisors offers investment and financial advisory services through Beacon Global Advisor Network, LLC (BGAN), a registered investment adviser with the Securities and Exchange Commission (SEC).

SEC number : 801-110724 : CRD number is 288833. Registration with the SEC does not imply a certain level of experience or education and does not mean the SEC approves or endorses BGAN.

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Find out how the interest rate rise may affect the value of your defined benefit pension pot.

Download your free guide.

 

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