If you are considering returning to the UK, please be aware that if your current financial Adviser Firm is situated outside the UK, they may well be unable to accommodate your financial management needs once you return to being a UK resident. 

This is the case regardless of whether the investments you have abroad are to remain in place, or you plan to transfer things to UK-based options. The rare exception would be if an International Adviser Firm has UK regulatory licensing already in place.

Important financial protection 

Extreme care should be taken if your existing overseas Adviser suggests that you can be advised whilst back in the UK. In particular, you will not regain the financial protections in place as if you were to receive advice from a UK-based and regulated Adviser Firm. These important protections include the: 

  1. Financial Services Compensation Scheme (FSCS) 
  2. Financial Ombudsman Service (FOS) 
  3. Professional Indemnity Insurance (PII)*  

*cover that the Adviser Firm needs to have to adequately protect its UK Clients in the event of a financial loss being deemed due to advice given to you. 

Regrettably, we have come across overseas Adviser Firms that are unaware of the above rules and regulations, continuing to try to advise returning UK Resident Clients. 

Specialist advice service 

Fortunately, whether or not you are a current Client of Patterson-Mills, we can offer you the right advisory solution for those moving to the UK from: 

  • Asia
  • EU
  • Switzerland
  • Middle East
  • Rest of the World

This is because we have a close international link via Blackden Financial  in Geneva, Switzerland, along with their EU Partners.  This connection, combined with our additional knowledge of the UK-centric offshore centres (e.g. Isle of Man, Guernsey, Jersey) means that: 

  • Your overseas investments can be assessed, reviewed and monitored 
  • Your investments can be updated in line with your risk profile and ongoing, evolving objectives 
  • Our distinctive investment management approach can help you decide how best to run your overseas investments, with full tax transparency as needed. 

Whether you are still overseas, or have already arrived back in the UK, at Patterson-Mills we can help now.  Due to our regulated international links above, at any point we can review what you have in place and make recommendations so that you can plan your preferred next steps. 

Our solutions, as always, are aimed at keeping your costs down, investment performance up and to ensure you benefit from qualified, regulated advice to the relevant jurisdiction. 

Contact Us

Whether you’re returning to the UK shortly or even in the planning stage, you have nothing to lose and potentially a lot to gain!

To find out more about what we can do for you, e-mail us at info@pattersonmills.com or click the button below and we will arrange an initial, no-obligation, discussion:

Get in touch

 

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