Calling UK Public Sector Pension Scheme Members..,

CLICK to find out what your pension scheme is not telling you!

CLICK HERE to claim a FREE pension assessment report NOW

Unfortunately, pension promises for providing current income levels in retirement are unsustainable, mainly due to the ballooning liabilities of these unfunded schemes.

Government reforms to address this has created many new changes to the schemes, resulting in approximately 4 million public sector workers will see huge reductions in their pensions, along with raising the state retirement age for access.

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Top 3 Financial Concerns of Boomers Approaching Retirement

financial worries

Click image to download the FREE REPORT: 10 Tips for a Better Pension

The number one financial concern of baby boomers nearing retirement is not being able to maintain their current lifestyle throughout their golden years, reveals a new survey by one of the world’s largest independent financial advisory organizations.

The second biggest worry is not being able to stop work when they want to; and the third is not being in a position to financially support close relatives…

Original article:
The Top 3 Financial Concerns of Boomers Approaching Retirement | ThirdAge.

The global bond market sell-off!

The global bond market sell-off putting retirement incomes increasingly at risk

The global bond market sell-off putting retirement incomes increasingly at risk

“The currently tumbling bond market is pushing company pension deficits even further into the red. I would urge people to have their company pensions checked sooner rather than later. This is because it is likely that their values could fall further as most trustees have already made almost every change possible, such as raising retirement age and amending the amount of pension increases, yet the schemes remain extremely vulnerable.” Nigel Green, deVere Group’s founder and chief executive.

Continue reading on the following link;
The bond market sell-off threatening retirement incomes

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FINANCIAL REPRESSION AUTHORITY with Marc Faber

Dr Marc Faber is credited for advising his clients to get out of the stock market before the October 1987 crash.

“If rates do not rise SIGNIFICANTLY for Pensions and Insurance funds, then they will have to DIMINISH the payments made to the pensioners and life insured !”

Dr Marc Faber is a highly respected Swiss economist investor well known for his contrarian investment approach. Amongst his frequent TV interviews, Dr Faber is a regular contributor to Forbes and “International Wealth” which is a sister publication of the “Financial Times” and several leading publications around the world, he also writes occasionally for the Herald Tribune, Wall Street Journal and Borsa E Finanza.

“It is irresponsible not to own some gold” 

“Expropriation” … the right of government to take private property ….
Continues on this video podcast;

Money Market Funds: New Exit Suspensions & Exit Fees!

SEC Approves Tighter Money-Fund Rules
Plan Allows Funds to Temporarily Block Withdrawals in Times of Stress

SECMoney market funds new rules have been passed by the Securities and Exchange Commission;

Money market funds can impose a liquidity fee on redemptions if the fund’s weekly liquidity falls below the level required by regulations.

Redemptions may also be suspended temporarily. The SEC calls them redemption “gates.”

Institutional prime money market funds are required to float the net asset value, or NAV, rather than keeping share prices fixed at $1.

See link: SEC Adopts Money Market Fund Rules

Note: An investment in a money market fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although a money market fund seeks to preserve the value of your investment at $1 per share, it is possible to lose money by investing in such a fund.

Investing Abroad: What US Investors Need to Know

At a time when overindebted governments are making increasingly desperate grabs for their citizens’ money, keeping all your assets invested in one country—and denominated in one currency—is a very bad idea.

Image courtesy of Gordon T Long

Image courtesy of Gordon T Long

A vitally important question for you

 Do you have a bank account in another country? If not, you should hurry up & get one.

Holding foreign currencies in an account outside of the United States is the way to go if you REALLY want to diversify your assets internationally—but in the last few years the US government has left no stone unturned to make it harder for investors to get a foreign bank account. It’s not too late, though—there are still feasible ways to open one. But you have to act quickly, before Washington enacts even stricter controls in a desperate grab for your money.

Most people know of the general investment benefits of not having all your asset eggs in one basket. This portfolio-diversification concept—investing in multiple asset classes—also applies to the political risk associated with your home country. It is a risk few people think about diversifying.

In short, internationalization is prudent because it frees you from absolute dependence on any one country. Achieve that freedom, and it becomes very difficult for any country to control you.

While diversifying political risk is something that everyone in the world should strive to achieve, it goes double for those who live under a government that is sinking deeper into fiscal trouble (e.g., most Western governments).

Here are a few compelling arguments on why you should diversify, diversify, diversify—across different countries, exchanges, currencies, banks, and asset classes.

1: IMF Endorses Capital Controls

Bloomberg reported that the “IMF has endorsed the use of capital controls in certain circumstances.“

“In a reversal of its historic support for unrestricted flows of money across borders, the IMF said controls can be useful…”

2: There Is Academic Support for Capital Controls

Harvard Economists Carmen Reinhart and Ken Rogoff suggest debt write-downs and ‘financial repression’, meaning the use of a combination of moderate inflation and constraints on the flow of capital to reduce debt burdens.

3: Confiscation of Savings on the Rise

The IMF, in a report entitled “Taxing Times,” published in October of 2013, on page 49, states:

“The sharp deterioration of the public finances in many countries has revived interest in a capital levy—a one-off tax on private wealth—as an exceptional measure to restore debt sustainability.”

A study from the IMF: The tax rates needed to for a sample of 15 euro area countries is 10% on households with a positive net worth.

Note: The tax would apply to anyone with a positive net worth. And the 10% wealth-grab would, of course, be on top of regular income taxes, sales taxes, property taxes, etc.

4: We Like Pension Funds

Unfortunately, it’s not just savings. From a paper by Carmen Reinhart & M. Belén Sbrancia:

A subtle type of debt restructuring takes the form of ‘financial repression.’ Financial repression includes directed lending to government by captive domestic audiences (such as pension funds), explicit or implicit caps on interest rates, regulation of cross-border capital movements, and (generally) a tighter connection between government and banks.

Yes, your retirement account is now a “captive domestic audience.”
“Directed” means “compulsory” in the above statement, and you may not have a choice if “regulation of cross-border capital movements”—capital controls—are instituted.

5: The Eurozone Sanctions Money-Grabs

Germany’s Bundesbank weighed in on this subject last January:

“Countries about to go bankrupt should draw on the private wealth of their citizens through a one-off capital levy before asking other states for help.”

And it’s not just in Germany. On February 12, 2014, Reuters reported on an EU commission document that states:

The savings of the European Union’s 500 million citizens could be used to fund long-term investments to boost the economy and help plug the gap left by banks since the financial crisis.

Reuters reported that the Commission plans to request a draft law, “to mobilize more personal pension savings for long-term financing.”

EU officials are explicitly telling us that the pensions and savings of its citizens are fair game to meet the union’s financial needs. If you live in Europe, the writing is on the wall.

Actually, it’s already under way… Reuters recently reported that Spain has introduced a blanket taxation rate of .03% on all bank account deposits, in a move aimed at… generating revenues for the country’s cash-strapped autonomous communities.

6: Canada Jumps on the Confiscation Bandwagon

You may recall this text from last year’s budget in Canada:

“The Government proposes to implement a bail-in regime for systemically important banks.”

A bail-in is what they call it when a government takes depositors’ money to plug a bank’s financial holes—just as was done in Cyprus last year.

The bank can be recapitalized and returned to viability through the very rapid conversion of certain bank liabilities into regulatory capital.

What’s a “bank liability”? Your deposits.

7: FATCA

Have you considered why the Foreign Account Tax Compliance Act was passed into law? It was supposed to crack down on tax evaders and collect unpaid tax revenue.
However, the result of FATCA keeps US savers trapped in US banks and in the US dollar, where the US could implement a Cyprus-like bail-in. Given the debt load in the US and given statements made by government officials, this seems like a reasonable conclusion to draw.

Source>http://www.caseyresearch.com/articles/the-single-most-important-strategy-most-investors-ignore-1

Working till 70 ? Australia plans to raise retirement age

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Working till 70? Australia plans to raise retirement age

Australia is currently planning on raising the age of retirement to 70 years of age, which would make this the highest retirement age in the world. With advancements in technology and better health care readily available, many people are living longer and elderly populations are on the rise. Due to Australia’s forecasted budget deficit, pushing up the retirement age is thought to decrease the pressure on the state’s budget in the coming years.

As well as that may be, some Australians have been critical of this plan, believing that this will make it harder for young people to break into an industry, and leave older workers unemployed.

In Melbourne, Bernard Salt of KPMG doesn’t see it that way, saying that the current system is no longer appropriate for Australia today and that change is required for the economy to stay afloat.

Australia is unlikely to be the only country to continue raising the age of retirement. Already countries such as Norway and Iceland, have raised their retirement ages to 67.

Pensions are slowly slipping farther away all across the globe, with both taxpayers and pensioners suffering. Relying on the state to support you during retirement is becoming less and less attractive, leading elderly workers to take matters in their own hands and focus on their own personal retirement plan.

Transfer your UK or Ireland’s Pension Plan into Qualifying Recognised Overseas Pension Schemes

If you have a pension in UK or Ireland, and now either reside in another country, or plan to, you can transfer your pension into a QROPS, short for Qualifying Recognised Overseas Pension Schemes – and access a host of benefits.

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Click image for FREE Pensions Transfer Guide

QROPS offer some significant advantages no other type of pension scheme can.

QROPS Benefits
30% Lump Sum Available
Flexible income drawdown rules
No obligation to ever buy an annuity
Avoid high tax on pension income
Consolidate pensions into one easy to manage fund
Greater investment flexibility
Currency of your choice
Retirement age of 50
Transparent charges
Avoid further changes to UK tax and pensions legislation

There are now over three thousand QROPS available, and a myriad of different pension structures on offer.

Finding the best solution for your needs can be frustrating & time consuming, which is where I can help:

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Click image for FREE Pensions Transfer Guide

Email: adrian.rowles@devere-group.com for a FREE Pension Scheme Transfer Guide and an update on the safest tax efficient jurisdictions offering high yielding income.

The 401K Scheme — Government to Confiscate ?

Watch the 401K Scheme video below – Government to Confiscate ?

In these times, it is critical not to rely on government schemes as your main strategy to financial freedom! Trusting the wrong team can be expensive, hope is a week strategy, now is the time to create financial independence for the future. Planning with the right team will enhance the odds of reaching your goals.

A short video highlighting the importance of being financially aware, with the importance of working with an independent professional financial consultant whom can educate, inform & provide access to the advantaged opportunities normally out of reach as an individual investor.

The Huge 55% Tax charge effective April 6th !

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The NEW Tax liability increases 41 days from now on UK pension schemes that breach the reduced LTA threshold !?

This means that over half of retirement savings could be taken away from UK held pensions because of the new Tax threshold change on April 6th, 2014.

This massive Tax charge is decided by a calculation that tests it’s value against the LTA (Life Time Allowance) to do this the income needs to be capitalised. This is achieved by multiplying the income by 20 & adding any additional PCLS (Pension Commencement Lump Sums)

DB pensions (Final Salary Scheme) exceeding £62,500 are more likely to breach the new LTA threshold!
Even more people may be caught out if the LTA threshold continues to fall even lower before retirement (Death in service is also calculated as part of LTA at 3-4 times your salary)

Do nothing may result in higher losses to your hard earned retirement money!  Or find out NOW if you qualify to prevent the increased tax liability effective in 41 days & counting down.

That’s of course is if your pension fund is still around at retirement, as 97% of all UK pensions are underfunded with a widening deficit!

Some of the biggest companies in the UK have pension liabilities so large that even if the entire company was sold, it still could not honour even half their pension payments to its future retires! Did you pay into this company pension scheme & waiting for promised retirement payments? When did you last review your pension position & rules?

What are the government & companies response?

Some companies have attempted one off contributions to lower the deficit, but with pension fund investment returns lower than inflation & expenses, these efforts are short lived.
All final salary schemes are now closed to new employees, which along with lower employment opportunities reduces the number of contributors to support the increasing number of retires.
Raise retirement age!
Raise member contributions!
Raise individual pension tax liabilities!
Raise the cost of living thru inflationary monetary policies by competitive currency debasement!
Reduce pension funds investment returns thru investment restrictions & by keeping interest rates at artificially low levels in favour of debtors!

Sounds like a plan, but for who?

Future promises are already being broken on your savings that were paid into pension schemes! some people don’t have to accept this, there are preventative actions. Have you found out your position?

Get advised now! or pay the increasing costs later.

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