Retirement is perhaps the most complicated aspect of your financial planning with a myriad of tax rules that dictate what you can and what you cannot do with your pension. If you have pension benefits within the UK system, then Montpelier can help you unravel the complexities to your advantage.

In 2009 it was revealed the the top 200 pension schemes Britain’s most well known companies (British Airways, Shell, BT) were more than £100 billion in deficit. Many of these schemes are based on a lucrative final salary basis and for a long time were the envy of many. But with this news these schemes are no longer as safe as they seem. There is a major crisis brewing in UK pensions with experts predicting that this deficit will only get worse.

In 2006, the UK Government introduced Pensions Simplification - a new set of pension rules that aimed to replace the complex system that preceded the Act. Within the new rules, they formalised the method that allowed expatriates to transfer their UK pension to an overseas arrangement and Qualifying Recognised Oversea’s Pension Schemes or QROPS were born. These along with the newly introduced Qualifying Non UK Pension Schemes (or QNUPS), present a major opportunity for the expatriate of any nationality with UK pension benefits to plan for their retirement and protect their wealth.

Montpelier offer a wide range of services when it comes to UK pensions, QROPS and QNUPS. We are one of the only companies operating in China with Advisors qualified to perform UK pension transfers with the FSA designated AF3 qualification.