Most of the people we help are based in the UK, and are residents in the country. But what happens when you are an expat living abroad? When you’re abroad, there’s a far greater chance that you won’t be protected by the same level of regulation as you would back in the UK. It’s this kind of environment that invariably leads to expats losing money through ill-advised financial schemes, most notably pension mis-selling.

If you are an expat living abroad and are debating whether or not to take out a pension on the advice of an advisor in your current country of residence, we advise you think twice and have a read of our blog.

Ask the adviser the following questions

Our team has put together some questions which we recommend you ask your pensions adviser whilst living as an expat. Those questions are as follows.

  • Is the financial adviser regulated, and if so, by whom?
  • What financial advice does this regulation cover and allow for?
  • What investment protection does the regulation provide?
  • What are your qualifications and credentials, and can I check them against an official body?
  • What level of professional indemnity insurance do you have, and does that cover this advice?
  • Are you paid on commission, and if so how much?

By just asking a few simple questions like this you will be in a far better position to make an informed decision on whether or not you should invest your pension with this particular adviser.

Protect yourself abroad

At Expert Pension Claims, we deal with hundreds of people each year who have been persuaded to make bad decisions in foreign investments. If you have already been affected then please do contact us, even if you are residing outside of the UK we might be able to help you. 

Head to our homepage and you will find our claim form. It takes just 30 seconds to fill out but could mean the difference between you losing thousands of pounds and us helping you reclaim that money.

For more information please read our investment mis-selling page, or find out what types of mis-sold pensions advice we can give you.