Moving a pension overseas???

redarmy323

Wow Brownie.....that is astonishing! The plot thickens! How do you know all this?
Why not contact the Peugeot union and ask them for their thoughts?
Or contact the local newspapers in Coventry and see if they would be interested in investigating?

davidhughes_2

I am in agreement with Redarmy232. I am amazed the FSA are not all over this?? The fact of the matter is that M2 Financial were not acting independently if they were given financial incentives to transfer the pensions.

By law the IFAs at M2 Financial must provide impartial advice. Only a fool would argue that being paid financial incentives to transfer pension schemes for Peugeot employees would enable them to remain independent.

M2 Financial, if indeed it has been sold, would probably no longer be liable. However, the directors who sold the company now become personnally liable as they would have to answer to the courts.

There is a strong case here for the Peugeot employees, irrespective of market climate. This has mis-selling written all over it.

dunstonh

I am amazed the FSA are not all over this??

They would be had there been a lot of complaints. However, giving opinions on a website without any of us really knowing the facts isnt going to register with the FSA.

All we have here are opinons and heresay from one post wonders. No media coverage, nothing in the FSA publications to suggest a review or any action being taken. Not a jot. Surely if it was a scandal and we are a number of years after the event, it would have been picked up on by now. or perhaps there is no story and nothing was done wrong.

uberzoldat

Sorry to bring the thread back on topic here , but I was wondering if I have a pension in the UK that becomes frozen, is there a way of accessing it without moving it to the country in question?

Which way of accessing the pension come retiring age is financially more viable?

dunstonh

Sunny Suffolk

Hmmm. Who are you trying to kid

but I was wondering if I have a pension in the UK that becomes frozen, is there a way of accessing it without moving it to the country in question?

Nope. You are too young. You have another 30 years or so to go before you can get your mits on it.

uberzoldat

dunstonh wrote: »

Hmmm. Who are you trying to kid



Nope. You are too young. You have another 30 years or so to go before you can get your mits on it.

Hmm perhaps I should adjust that location....

I understand that things may well have changed by the time I am at pension-receiving age, but was wondering what the standard practice is now. I'm not after dipping in to it early, was just wondering how it would work. I'm looking at a possible emigration a couple of years from now and would like to just get an understanding of how it all works.
By the time I leave, I'll be in a final salary pension scheme which I understand will be frozen when I leave the company.