QROPS Claims (Overseas Pension Claims)
Were you advised to transfer some or all of your UK pension savings overseas and are now worried it may have been a bad decision?
Qualified Recognised Overseas Pension Schemes (QROPS) are designed for expatriates, but due to different regulations overseas have been abused by opportunists who wanted to get around FCA regulations that are in place to protect clients like you.
If you transferred some or all of your pension abroad and are now facing financial losses or other issues, it’s understandable to feel you have been taken advantage of.
We have a deep understanding of overseas pensions and are here to guide you through the process, find out what has happened, work out if you have lost money and if you have, help you seek the compensation or redress you deserve.
Don’t suffer in silence, contact us today to discuss your overseas pension with on of our experts to find out where you stand.
QROPS Claims (Overseas Pension Claims) FAQs:
What is a QROPS (overseas pension) claim?
A QROPS (overseas pension) claim involves a UK consumer, seeking compensation for financial losses resulting from transferring a UK pension to an overseas scheme.
Who can make a QROPS claim?
Individuals who have suffered financial loss due to excessive fees, poor advice or unsuitable investments within a QROPS may be eligible to claim.
What are the risks associated with QROPS?
Risks include currency fluctuations, tax liabilities, the potential loss of UK pension protections and unsuitable investment selections.
How do I start a QROPS claim?
Contact us to evaluate your case, gather as much relevant documentation as you can but don’t worry if you don’t have it all as we can request information on your behalf. Once we have established what has happened, we will advise on the next steps you can take if necessary.
What compensation can I receive from a QROPS claim?
Compensation may include the recovery of lost funds, any fees paid, and potential interest on the amount lost to date.
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Overseas Pension Risks:
Transferring to a QROPS can expose you to unexpected risks, including loss of UK pension protections and currency exchange fluctuations. If you weren’t properly informed of these risks, you might have grounds for a claim.
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