Global Investments
International Limited
|
Global Banking
Trust Services
Offshore Banking
Retirement Plans
Protected Bonds
School Fee Plans
|
Financial Consultants, Investment Advisors, Bangkok, Thailand, Asia
|
|
 |
|
July 2003 - Issue 19 |
Previous Issues
|
|
The Global Investor is a monthly
newsletter that covers global investment opportunities and
insurance for the expatriate community. This monthly
newsletter's goal is to inform the reader of what can and
cannot be done in the investment arena when living and
working in a foreign country. Whether it's personal
pension plans or disability insurance to protect your income
- Global Investments has the expertise to handle all the
expatriate investors' needs.
|
 |
JUNE
16TH - ZURICH INTERNATIONAL SELL THREADNEEDLE
Following
intense speculation in the financial press, Zurich
Financial Services have today announced the sale of
Threadneedle Asset Management to American Express for
a cash consideration of GBP 340 million. This sale is
part of the ongoing efforts of the group to focus on
core operations and key geographic areas.
The good news is that Threadneedle, American Express
and Zurich have signed terms which guarantee that
Threadneedle will continue to be the fund manager for
the Zurich group. The sale will
have no impact on the relationship between us and
Threadneedle, and in fact we anticipate that our
arrangements with American Express may produce other
benefits going forward.
UK
PENSION PLANS
|
Do
you currently have an UK Pension Plan either
"Frozen" or "Live". if so, please
read on, as this will be of interest:
Key
Features
Its Aim |
-
To
enable you to give up any benefits to
which you are entitled under a previous
company pension scheme or individual
arrangement in exchange for a lump sum to
be invested in your own plan, as an
alternative to leaving your entitlement in
that previous scheme or to transferring
the value to the scheme of a new employer.
-
To
give you the opportunity to improve your
potential retirement benefits and the
flexibility to decide how you want
benefits to be paid.
-
To
build up a fund to provide you with a
pension in your retirement and, if
appropriate, a pension for your spouse or
dependants.
-
To
give you the choice of taking a cash lump
sum at retirement free of UK tax in
exchange for a smaller pension if you
prefer.
-
To
provide benefits for your dependants
should you die before retirement.
|
| Your
Commitment |
-
The
only payment is the transfer value from
your previous scheme or arrangement; no
contributions are required directly from
you. Once the plan has commenced, you
cannot change your mind and have the value
of your fund returned to that previous
scheme or arrangement.
-
Once
the transfer value has been paid and the
plan commences, you will not have any
rights to benefits under your old scheme
or arrangement.
-
In
order to gain the maximum benefit from the
plan it should run its full term to
selected retirement age.
-
You
cannot surrender the plan for cash.
-
Pension
benefits cannot be taken earlier than
allowed by the Inland Revenue, normally
age 50.
|
| Risk
Factors |
-
The
value of your plan is not guaranteed and
can go up and down depending on investment
performance.
-
You
may be giving up:
- A pension that is guaranteed or linked
to your earning when you left the company
- Increase in the value of your pension in
the period up to and after retirement
- Any Guaranteed Minimum Pension rights
earned it you were contracted - out of the
State Earnings Related Pension Scheme (SERPS)
before 6 April 1997.
|
If this is of
interest for you, please click on the above
image for more detailed information and read
on...
|
Please
contact Global Investments for more information
on Tel. (+66-2) 662-2009 or e-mail at info@globalinv.org.
|
|
|
|
|
|
|
|
|
|
|
Privacy Policy
|
2007