The size of Westminster enables the firm to have several dedicated pension specialists, essential to deliver cutting edge advice in such a complicated sector.
All
UK resident professionals are likely to accumulate significant
pension funds throughout their careers and with the demise of the
final salary scheme the investment of such funds can be crucial
to the quality of clients’ standard of living in retirement.
A
widening of the pension rules now means the opportunity for rewarding
pension investment has greatly improved. As a result, many clients
are now consolidating historic, more expensive contracts into self
managed schemes, where they have control over decision making,
risk and performance.
A
high proportion of clients show considerable interest in investing
in the more esoteric types of assets allowable under the new pension
law, such
as ground rents, hedge funds, currency trading and commodities.
For
those that are or will become non-UK resident there is the opportunity
to transfer away from the UK to potentially more favourable pension & tax
regimes under QROPS legislation – Qualifying Regulated Off-Shore
Pension Schemes.