Supporting Irish expats with a new transfer proposition

Published: 02 Mar 2021

 

 

We are delighted to support Irish expatriates around the world by extending our offering to facilitate transfers from Irish Pension Schemes. Suitable for Irish expatriates or individuals with Irish Pension Schemes intending on retiring overseas, the proposition aims to deliver flexibility around retirement planning in a currency and jurisdiction that suits their needs.

Transferring an Irish Pension Scheme to a Momentum Scheme enables expats to take advice from an independent financial adviser in the country where they live on how to achieve their pension aspirations. More than half a million Irish expats are estimated to live overseas.

The proposition around Irish Transfers enables members who wish to transfer for bona fide reasons to manage their currency risks on investing and when taking retirement benefits. In addition, it provides access to a wider range of investment options and Discretionary Fund Managers and offers the possibility to consolidate existing Irish, UK, and QROPS pension benefits into one Momentum Scheme.

Developed fully in-house and supported by a senior team of Irish expats working at group level, Momentum’s new offering benefits from the knowledge and expertise of Managing Director, Susan Brooks, a Chartered Tax Adviser with the Irish Tax Institute, and a Member of the Irish Institute of Pensions Management.

 Managing Director Susan Brooks said: Momentum has supported thousands of expatriates and international clients all over the world, offering regulated pension schemes across different jurisdictions. 

“We’ve seen a growing demand for solutions for Irish expats and individuals who previously worked in Ireland and now reside permanently overseas. Leveraging our in-house experience and expertise, we’ve been able to develop and tailor our proposition for Irish Transfers to address the demand and help advisers support more Irish expats around the world. “

Here at Momentum Pensions, we've made significant investments in technology as part of our growth strategy and have recently launched an Adviser Portal designed to save time on administration and provide round-the-clock access to client information.

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