Pension Crisis

There are many factors which should drive an expatriate to consider a QROPS or EURBS. Freedom to invest as you wish, currency considerations, improved methods of payout, no IHT, no earnings cap, improved death benefits... 

Now a further one, which has been brewing for years. Many pension schemes are bust. It was estimated in 2012 that for example 86% of UK Private Final Salary Schemes were in deficit. Putting that in simple real terms, they do not have enough money to meet their obligations, the estimate of shortfall is that to cover these liabilities every UK Tax Payer will need to contribute £12,000 each. So if we continue to think that The UK Government is going to step in and help, we may be mistaken. However, this is just the tip of the iceberg, these numbers do not account for Public Sector, MPs, Police, NHS etc. ... it will end in tears.

In the US Detroit has filed for bankruptcy! Yes a whole city is broke; the pension deficit stands at a whopping 241%! The Detroit story is a financial disaster story. Some aspects occurred which were out of the city's control, the failure of the major employers, mostly motor manufacturers. Detroit also has a story of cronies, one crony helping another milk what they perceived to be the bottomless pit of the city coffers, ineptitude, and financial mishandling. Detroit incidentally is not the first US City to take this route. Once again the principle culprit was pensions!


We have been warned, the signs are most certainly there. Ignore the possibility of moving your pension at your own peril.

Contact Pension Do Matter! today for a professional review of your pension.