Expat Australia News
Latest 10 news items tagged Australia
6 Dec at 6 PM 2013
Migrants leaving the UK for overseas jobs many never intend to return, but the final decision to stay or go may depend on whether they have a pension in their host country.
It seems that deciding to make a permanent commitment to your host county at the end of a career is easier if you have opted into a pension scheme in your overseas home. Taking this step tends to indicate that there’s enough which is good to encourage staying for the rest of your life.
The latest HSBC Expat Explorer survey indicated that, for UK citizens,...
5 Dec at 6 PM 2013
For newly arrived expat employees, the most tricky part of moving to a new country is learning the language and finding a home without the assistance of their new employer.
A recent survey conducted by Lloyds Bank International has revealed that many overseas employers fail to give new expat staff any help in settling in to their new host country. As many as 25 per cent of those surveyed were given no payment towards the cost of moving nor any help in finding suitable long-term accommodation, and 68 per cent had no help in finding...
4 Dec at 6 PM 2013
Both expats with children and their Saudi equivalents are searching for alternative leisure venues for days out following a spate of accidents in commercial arcades.
Local family entertainment centres are found in malls and other commercial centres, but are often poorly maintained and with few health and safety measures on children’s rides. In the latest incident last summer, a group of youngsters received head injuries when safety belts on a waterfall ride failed while the ride was in motion.
Local media is reporting calls for...
2 Dec at 6 PM 2013
The health sector in Ireland is in a poor state, having lost many of its professionals to the lure of emigration, and those who have left are unlikely to want to return.
A recent study by researchers at University College Cork has revealed that almost half of those who have emigrated since the economic crisis hit home were in full-time employment. The results suggest that the tough budgets put in place since the crash have been as responsible as has high unemployment for the present Diaspora.
Severe cutbacks in funding have made...
23 Nov at 6 PM 2013
As concerns about the quality of investment advice being given by FAs in expat destinations rise, the UK legal system has hit hard on two financial advisors caught giving unauthorised advice.
John Cooper and Gary Hexley were both found guilty and sentenced to 9 months and 2 years’ imprisonment respectively. A financial advisory company, Birmingham-based Exclusive Asset Management, was fined £60,000 for allowing their employee Hexley to give poor investment advice.
Following complaints from clients, the FSA, now the FCA,...
23 Nov at 6 PM 2013
After a confusing several months, a Saudi Ministry of Labour source has stated that female dependents of expat relatives will be given yearly work permits allowing them to teach in private schools.
The move seems to be a tentative first step toward full legalisation of the status of women dependents wishing to teach in the Kingdom’s popular private education facilties. A license or certification will be required, and work permit forms are already being submitted by a number of private schools.
Female staff members are normally...
22 Nov at 6 PM 2013
The boom in expat retirees over the past decade has led to real estate prices in a number of world expat hot-spots to soar, with many new arrivals now deciding to rent rather than buy.
Homes in developing nations deemed suitable for expats have increased considerably in value, with many reaching prices seen in the USA and even the UK. With investments underperforming and the cost of living a vital consideration, renting a home in the sunshine is becoming more popular.
Real estate specialists are in agreement, saying that renting...
15 Nov at 6 PM 2013
Expats wishing to transfer their pensions have been alarmed by increasing reports of pension liberation scams operated by bogus financial advisors.
Consumers have been unable to identify whether the financial advisors they are using to liberate their pensions are genuine or fraudulent, with many deciding not to take advantage of the schemes as a result. Experts working with the pension regulatory body have now published a checklist of signs indicating a scam.
Questions directed at FAs should start with the time the recommended fund...
14 Nov at 6 PM 2013
The crackdown on undocumented expats in Saudi is spooking the regularised expat community into panic at the thought of another Saudization drive, but does the country need more expat-friendly policies?
To many analysts and long-term expat residents, the Saudization scheme seems to be totally unrealistic given the vast size of the kingdom and its massive natural resources, tapped and untapped. Oddly, there seems to be a push to emulate the UAE countries, Oman and Bahrain with their fewer resources and much smaller size.
13 Nov at 6 PM 2013
In spite of concerns in the private and expat-owned business sectors, Saudi Arabia’s government is determined to rid the kingdom of all unregistered workers.
Riyadh’s governor, Prince Khaled bin Bader, confirmed yesterday that the government is determined to rid Saudi Arabia of all its undocumented workers. In spite of protests by private firms, expat-owned businesses and those concerned the move will result in double-figure inflation, the governor said that no ill-effects would be felt in the Saudi economy.
The move, he said,...