Statutory Right to Transfer Pension Removed? Amber & Red Flags DB DC Pension Scams Act (New Regime)

New day, new regulations arise in the UK pension transfer industry. As the UK ceding schemes lobbying the UK government to avoid losing millions from pension transfer, the UK government put up new (much stricter) rules that can remove your statutory rights to transfer your DB or DC pension. There are always two sides of coin when it comes to regulations or rules in the pension transfer industry.

In this video, Dominic James Murray, CEO and Senior Independent Financial Advisor of Cameron James, explains the two sides of the coin. Particularly, regarding the new regulations of amber and red flags that is set by the UK government to protect you from the pension scams.

Book Your Free Consultation 📅

Chat Via WhatsApp 💬

Understand The Best Option For You 🖊

Video Timestamp:
00:00 – Intro
00:30 – What Is This About?
01:34 – How This Rules Affecting QROPS
02:29 – How the New Regulation Can Remove Your Statutory Transfer Rights
02:51 – The Positive Sides
03:24 – The Negative Sides
04:26 – What Does This Mean to You?
05:14 – Outro
______________________________

Dominic James Murray, CEO and Senior Independent Financial Advisor of Cameron James. Helping expats across 23 countries for over 10 years (including the USA and non-UK residents).

➡️ Read our Blog Post -

Don't forget to subscribe for more videos about expat financial planning and pension advice!

#UKPensionTransfer #DefinedBenefitPension #DefinedContributionPension #UKPensionTransferScam #money #finance #advice

Thanks for watching the video “Statutory Right to Transfer Pension Removed? Amber & Red Flags DB DC Pension Scams Act (New Regime)”

[ianhartley]

HI Dominic do you think there will be a time when you will not be able to do DB transfers. I have spoken to one of your advisers, unfortunately
It was on zoom and I was unable to see him due to internet issues. I watch all your video's and I am still thinking about transferring my DB. I would
say this is the only downside to Cameron James, as most people face to face is better as you can get a feel for the person you are talking to. To be fair thou I do like the honesty.
Keep up the great work.

[LewieLeway]

3:20 Ahh Dominic, NOW you are starting from the right place regarding rules that 'protect' the clients.Like I stated in my last reply to you (Insistent Clients vid), I can walk in to a bookies and waste £100, 000, or more, in one week, no advice required. All 'rules' are carefully engineered to provide the best outcome for the treasurey, they don't give a jot about 'us'.

[readingymcafc]

Hi Dominic - I am very keen to transfer my DB to a DC and take advantage of a generous CETV. The problem is I am 45 and know, if I could get advice, the advice would be not to transfer. Is there any possibility of finding a FA who will transfer my DB on an insistent client basis?