Finance News - Emigrate UK Page 21

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Misselling of expat pension transfers is the next major financial scandal

Misselling of expat pension transfers is the next major financial scandal
The next major financial scandal is expected to be pensions misselling, with IFAs and insurers hit hard. If you’re planning a retirement overseas with the help of your pension pot, the next big financial scandal due to hit world news may well save you becoming yet another victim of pensions misselling by commission hungry IFAs. According...

Expats in Cyprus targeted by unlicensed and unregulated IFAs

Expats in Cyprus targeted by unlicensed and unregulated IFAs
In spite of endless warnings by media and authorities alike, expatriates living in Cyprus are still falling foul of unregistered, unregulated independent financial advisors. The majority of UK expats living in Cyprus are retirees or owners of small businesses, all of whom may well be looking to invest their pension pots and savings to get...

Saving versus spending for expat professionals in Dubai

Saving versus spending for expat professionals in Dubai
For a good few arriving expat professionals taking up residence in Dubai, the end-game is to be much more than financially comfortable by the time they leave, but not many realise that dream. If winning the lottery is the dream of those in everyday jobs, getting relocated to Dubai is the dream of expat professionals. The prize is the same...

Expat victims of Premier FX crash determined to fight for their money

Expat victims of Premier FX crash determined to fight for their money
Premier FX was a popular choice for expat professionals remitting moneys to the home country as well as for expat retirees bringing in their pension payments in their host country’s currency. The supposedly reputable forex platform was based in and operated from Portugal, offering all the usual guarantees, but it now seems the...

Official figures show huge Brit expat exodus from Spain

Official figures show huge Brit expat exodus from Spain
Statistics are now confirming a British expat exodus from Spain. \r\n\r\nFormerly the UK’s best-loved pensioner bolt-hole for sunshine and a low cost of living, Spain is now seeing a mass exodus of British pensioners. At its most popular in 2007, Benidorm was home to around 5,000 Britons, but by last year the numbers in the UK expat...

Financial necessities for expat students at foreign universities

Financial necessities for expat students at foreign universities
Expatriation isn’t always for work-related reasons or retirement, as increasing numbers of graduate students are choosing to study for their degrees at overseas universities. For the student generation, three or more years spent at a foreign university is an exciting project as well as a scary one, but a degree obtained under those...

Asian cities including Beijing becoming unaffordable for expats

Asian cities including Beijing becoming unaffordable for expats
Due to short supply and rising demand, rentals in China’s major cities are heading for the skies. Increases in apartment rental charges in major Chinese cities including Beijing, Shanghai, Shenzhen and Guangzhou are happening month by month, causing concern in China’s expat communities. The rise in demand by college graduates is being...

Further sterling fall causing hardship for Brit retirees in Spain

Further sterling fall causing hardship for Brit retirees in Spain
British pensioners living in Spain on the UK state pension have lost some 20 per cent of its purchasing power due to the Brexit referendum. Vice President of Brexpats in Spain Richard Hill quantified the loss caused by plummeting exchange rates as set against increasing living costs and higher taxes, saying the significant loss of income...

UK expat retirees urged to watch out for pension scammers

UK expat retirees urged to watch out for pension scammers
If you’re about to retire and emigrate, you should be on your guard against pension transfer scams. Increasing numbers of retirees are deciding to wave the UK goodbye and retire to a warmer, less chaotic destination. One crucial element of the process is deciding whether to transfer your pension to an overseas location via a QROPs,...

Paris now in Economist 20 top world cities for first time

Paris now in Economist 20 top world cities for first time
Paris is famous all over the world as the city of love, and it’s now one of 20 top cities for expats. The Economist magazine’s liveability index is highly regarded for its lists of the best world cities for expat professional. . For the first time, Paris is now one of its top 20 world cities, coming in at 19th as a result of its...