Hi, my name is Gail. Here is the story behind ExPAS:
Having read several disturbing articles outlining the state of under-performing Pensions in the UK and of companies finding new ways to renege on their Pension liabilities, I was driven to look more closely at the options we as Expats have available to us.
Let’s face it, if you did not know there was a pension crisis in the UK, you have not read a newspaper nor watched the news for 20 years!
I have accrued 4 Pensions throughout my career so far; these needed to be collated and made sense of.
If only it was that simple!
Frozen Expat Pensions:
Because I am an Expat living in Cyprus, my 4 UK Pensions were frozen; I could not pay into any of them and so I needed to do something. I used a local financial advisor who began the process of collating the data relating to all of my pensions.
Regrettably, after much time and much chasing on my part, he let me down. He was constantly “out of the country” or “on annual leave” – just two of the numerous excuses I was given.
I therefore decided to collate all the information myself and in doing so, I sought advice from a Pensions expert.
Over time I learned about the different types of Pensions in existence, but I was alarmed at the numerous caveats pointed out to me by my newly found Pensions expert.
I was outraged to think that people go into retirement believing what we all believed, that these companies were acting in our best interests and not their own.
Having realised that things were not as transparent as they should be, I felt deceived and cheated by the Pension companies. Not a nice feeling at all…..
I continued my research and made a decision about my own Pension requirements. Then I found that I could help people and also run rings around the many Financial Advisors that I came across, as Pensions did not seem to be their primary focus, and I had now gained very specific, detailed knowledge about UK Pensions and Expats.
After having given advice to a fourth person, completely free of charge, I decided that something must be done to prevent people making mistakes when going into retirement.
So, with my Pension expert at hand to assist me to raise a little marketing funding, I launched ExPAS.org to offer a free service to Expats.
I simply want to try to educate people about what their own Pensions will mean to them when they go into retirement, to advise them on their options, and to achieve the success that I did by maximising the options that they now have as an expat.
We can even help people who are already receiving their Pensions.
We are a small team of expats, just like you, who have sorted our Pensions. We want to help you beat the ‘fat cat’ Pension companies.
Please note: We are not financial advisors, we are trained in Pensions only.
Should your case be that you do need a Financial Advisor, you are free to go and choose one; we will even help you ‘vet’ them. We’re simply available at your side until you are happy to take the next step.
For the record, I am not suggesting that all Financial Advisors will steer you down a path that suits them more than it suits you, I am simply suggesting that you should let us help you establish exactly what your Pension will mean to you and your loved ones and the options that you have, as an expat, before you even speak to a Financial Advisor. You may not even need one; but if you do, we know the questions to ask of them.