Best Practice And Your Best Interests

FCA express concerns over Life Bonds in pensions

The Financial Conduct Authority (FCA) in the UK recently voiced concerns about overseas advisory firms advising clients to transfer UK pensions into a self-invested personal pension using an offshore investment bond as they may be exposed to high and/or unnecessary charges.

This essentially means money is being invested with a third party Life Insurance company and the firms advising on these assets are receiving high commissions in return – to the detriment of your pension fund. It can also be very difficult (and expensive) to leave such arrangements once one has entered into them.

New best practice

Most financial regulators consider these arrangements are not in your best interests. Indeed, in the UK and US these structures were driven from their dominant market position by transparent investment platforms in the late 1990s and early 2000s.

Brite never uses life bonds of any description as we believe they are an outdated and expensive way to manage your pension.

We put best practice at the heart of everything we do. This means being transparent about charges and keeping costs low for our services coupled with high quality asset management using a modern investment platform.

We think this is the best way to protect your money and is in your best interests.

Switch out of a Life Bond

If you have a pension fund in a life bond ask for all charges to be disclosed and seek advice about how you can move it to a lower cost investment platform.

Brite offers a unique model allowing you to move 100% of your money from a Life Bond into our modern, clear investment platform.

Contact us for more information.

A link to the FCA’s consumer guidance is available here.

UK pension leadership

Brite Advisors re-defined UK pensions for expats when they launched in 2016. Today, Brite Advisors leads the world in UK pension innovation with our low-cost investment platform and end to end solution. The Brite Advisors platform provides a seamless experience with the mission of maximising pension assets.  Brite Advisors is a global company with offices and teams around the world dedicated to providing a financial planning experience like no other. For international SIPPs, QROPS or Direct Investing it’s your easiest investment decision.


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