Final Salary Pension Transfer to International SIPP (Process & Steps)
2021 has been a great resurrection year following the blow of the pandemic that shuts significant economic and financial aspects of countries around the world. With countries slowly rebuilding their economies and trying to recover what is lost. Obviously, there are still uncertainties, especially with the new Covid-19 variant that emerging, the Omicron variant.
For Cameron James, 2021 has been a great year in terms of the market and the company’s growth. We saw growth of clients in the US, a rising YouTube channel that provides great content that fills the viewers’ needs, and future positive plans that we prepared to welcome 2022 with discounts program that you should not be missed. All of that we wrap in this blog below.
Global Economic Review
Following the 2020 Global Pandemic, the global economy began to recover in 2021. The Covid-19 Pandemic had a greater impact on certain nations than others, with others experiencing more localized problems as a result of the pandemic. As a result of unequal global openness, labour shortages and supply concerns have been worsened by unpredictable inflation.
In general, advanced economies have outperformed developing economies, with the United States being a notable exception. Despite the rise of Covid-19 cases and newly variant Omicron, US consumers’ confidence has remained strong.
The recent recovery in the Asia-Pacific region has been delayed by Covid-19 policies. Although the area was effectively counter-attacking the virus in the early phases of the pandemic, there are people who are still reluctant to take the vaccine. Fortunately, the opening of borders and movement have recently returned to the countries which can support the economies despite the emerging of the Omicron variant that is still rarely seen in the region.
Consumer confidence is increasing as developing economies loosen their regulatory restraints. Emerging economies such as Russia, Poland, Indonesia, Chile, and Brazil have GDP levels that are equal to or higher than those before to the pandemic.
You can download our in-depth quarterly market analysis below.
Cameron James’ 2021 Highlights
For Cameron James itself, 2021 is a year of growth in terms of market as well as a company. With the first highlight goes to our Admin and Chasing team who work tirelessly to complete lots of due diligence to ensure that our clients get not only the top service, but also to assure that their pension transfer is time-efficient.
The next highlight goes to our Digital Marketing Team. With the newly and rising YouTube channel, and the digital campaigns executed through the whole year, the Digital Marketing Team quickly becoming one of the bloodlines of Cameron James where we earn numerous prospective clients to make sure that the business is going and growing.
The last highlight goes to our IFA team, as the advice provider that always give our clients the best service and tailored advice that suits their needs and objectives. Moreover, to keep our high-quality of service on the top level, our IFAs always improve their financial adviser certification annually to ensure that they meet the required regulations and knowledge to give the right advice to their clients as well as to keep themselves updated with the latest regulations from the FCA.
We put other Cameron James’ 2021 highlights in some points below.
Cameron James’ YouTube Channel
As mentioned before, Cameron James’ new YouTube channel is one of the marketing highlights in 2021, especially in the last quarter of this year. Multiple of our new clients are coming from the YouTube channel, with most of them are enquiring about the Final Salary Pension transfer.
Since the first of its launch, our YouTube channel now has growing significantly and have a total of 350 subscribers. We see our YouTube channel as a great alternative of content to blog. Since there are people who prefer to see videos rather than reading a long-form of written text.
We provided a lot of interesting and in-depth content in our YouTube videos such as UK pension transfer, LTA, taxation, QROPS, SIPP, Final Salary Pension and many more. With positive feedback from our viewers saying that our content is helping them to understand pension transfer better, we are planning to launch two videos every week for 2022.
For all answers to your questions about UK pension transfer, head into our YouTube channel, and perhaps you can find answers to your questions there.
Defined Benefit Pension Transfer
With the new regulations set by the UK’s Department for Work and Pensions (DWP), the Final Salary Pension transfer business is getting more and more difficult from time to time. Especially, with the new regulation that is effectively in force in 1st of December 2021. The DWP announce the new system called the Traffic Light System.
This system applies for all upcoming DB transfer process. With this new Traffic Light system, your statutory right to transfer your DB pension without further review will be removed by this new Traffic Light System. Ultimately, the decision to transfer your DB pension will fall into the UK ceding schemes. The reasons are to minimize the chance of you getting scammed in the first place and due to the DB deficits, the UK government is being pushed on an almost weekly basis by UK ceding schemes.
While this regulation will surely prolong the current process of a DB transfer, it is also bad news for any individual looking to transfer their Final Salary Pension into personal pension schemes such as SIPP or QROPS. However, Cameron James did not step back from this complexity. Rather, we see this as an opportunity to become a specialist in the Final Salary Pension Transfer industry, and we look forward to striving in the future.
Cameron James in the US
Compared to last year, Cameron James now have more clients in the US that is spread across 20 states. Thanks to the hard work of our IFA and also Digital Marketing Team, the market in the US is growing more than ever. This makes our presence in the US are more firm and trusted as one of the highly regarded Independent Financial Adviser specialized in UK Pension Transfer.
In the next year, we will be launching our long-awaited US website that is planned to launch this year but due to development issues, we have to postpone it until 2022. The US website is aimed to provide service to prospective clients in the US.
Moreover, it will bring great blog content that we have been preparing since the mid of 2021 with the Content Team. Hopefully, the US website can soon be launched and to improve our growth even more in the US.
What To Expect From Cameron James in 2022
With the new year to come, we have put together some interesting plan and strategies for the coming year. The US website launch, outstanding blog content which will go live along with the US website, and of course, a special discount for our existing and prospective clients all around the world.
Cameron James’ Referral Programme
You’ll be pleased to learn that we’ll be offering a Referral Programme that gives discounts to all of our existing and prospective clients. Referrals are one of the lifeblood of Cameron James. With your support and reference to your colleagues and relatives, we can spread the word about Cameron James’ high-quality service to your friends, family, and co-workers, who may be in similar circumstances to you.
The Referral Programme will offer a discount of 0.10% for the ongoing costs for all existing clients who successfully referring their relatives and friends to sign up with Cameron James. During the initial period (Q1 2022), the Referral Programme will be limited up to 3 persons at maximum. However, the number of referrals will likely be increased if the program is successful.
This new Referral Programme will be using a user-friendly system to ensure that you will not be confused with the how-to’s. All in all, spread the good news and get your discounts in the next year!
Upcoming Blog Content
As we stated above, we have an outstanding Blog Content that we are planning to launch along with the US website. Our Content Team has been crafting numerous of content discussing UK Pension Transfer, taxations, regulations, customers’ case studies, and others that obviously will be useful for you to read, and we cannot wait to serve it in your plate.
Our Content Team is a newly formed department under the Digital Marketing Team that is specialized in creating UK Pension Transfer web-content. We have worked since the Q2 of 2021 to provide our website visitors with a high-quality content that will surely answer their questions or even give them new insights on UK Pension Transfer. We look forward to sharing our content with all of you.