By Lisa Smith: 24 Sept 2015
If you have a pension with oil giant Shell and are worried about what may happen to your retirement savings if you lose your job you need to take specialist financial advice.
Many Shell workers have built up significant retirement savings as high-earners in a well-paying industry.
The company runs the Shell Overseas Contributory Pension Fund – but a key point to remember is the scheme is not an HM Revenue & Customs (HMRC) registered pension.
Unlike the Shell scheme, a Qualifying Recognised Overseas Pension Scheme (QROPS) is a registered pension and operates under a framework of rules administered by HM Revenue & Customs (HMRC).
