Expat Caribbean News

Latest 10 news items tagged Caribbean

27 Jan at 3 PM 2015

Former Sky worker turned fighting for her life in Caribbean

Ex-Sky TV worker Kate Clayton is fighting for her life after being involved in a car crash on the island of Grand Cayman in the Caribbean. Thirty-year-old Clayton, who moved to the Caymans in December 2013 to become a diving instructor, has been left in a coma after suffering severe injuries when she lost control of her 4x4 Jeep Wrangler when driving home at night time, swerving off the road at a tight corner and crashing headfirst into a tree. She broke her neck and her pelvis in the accident and has also been left with serious back...
22 Jan at 2 PM 2015

Expats demanding winter fuel allowance show proof of wintry conditions

Thousands of UK expats across the Europe are campaigning to ensure their winter fuel payments are not scrapped, and many have now taken to sending photos to show just how cold conditions are in the countries they live in during the winter months. Under a new government proposal, expats living in Spain, Portugal, Gibraltar, France, Malta, Cyprus and Greece will no longer receive their winter fuel allowances (around £200- £300 per year) as of next winter because the countries they live in are considered too warm. However, expats in...
19 Dec at 9 AM 2014

North American expats in Belize reveal its draws

North American expats living in Belize have revealed the reasons why they chose the picturesque Caribbean nation as their new home. In addition to the pristine beaches and rolling mountains, they say they only need between US$2,000 and US$3,000 a month to give them a comfortable lifestyle. Another reason is that it is closer to home than many of the other countries and islands in the Central American/Caribbean region. Located beneath Mexico’s Tucatan peninsula, Belize has a population of 330,000 and boasts a rich heritage such as...
4 Nov at 6 PM 2014

Harlequin pension saver victims hit with financial double whammy

Scammed retirement savers whose cash was lost in the Harlequin property crash are now facing up to ten years’ continuing charges by their pension providers. Affected investors who were persuaded to take out QROPS and SIPPS-wrapped products have not only lost every penny of their savings, but are being charged £500 per annum by the pension providers themselves. Ostensibly referred to as management charges, the totals taken by providers will add some £17 million to the estimated losses. Thousands of pension savers are affected,...
3 Jun at 6 PM 2014

Fight for UK expat pension parity taken up by The Times

Financial planning for expat retirement overseas is tricky at the best of times, but for those choosing a destination where the UK state pension is frozen, it often proves one issue too many. A recent article in the Times newspaper tells it like it is for more than 500,000 British pensioners living in countries without reciprocal agreements with the UK government. The writer of the article, David Budworth, found during his research that the words ‘offensive’ and ‘appalling’ were used often, along with other less printable...
2 Jun at 6 PM 2014

Survey identifies overseas property trends in Spanish expat destinations

The survey, undertaken by an upscale property company with offices in 21 world locations, has identified Majorca as having the strongest price rises over the last year. Beating out even London’s trendy Chelsea and Westminster districts’ price rises, luxury Majorcan properties are being snapped up by wealthy Brits as well as non-EU citizens looking to benefit from the island’s Golden Visa offers. Purchasers of properties worth over 1.5 million euros qualify for permanent residency. Whilst real estate prices in Majorca soared...
18 Apr at 6 PM 2014

New international health insurance gives expats freedom to roam

Hard on the heels of the possible withdrawal of overseas heath benefits for expats and travellers, a health insurance company has launched a cross-border medical insurance plan. A major medical insurance company is re-jigging its plans in order to give customers the freedom to cross borders without having to rearrange their health insurance or pay expensive globetrotter charges. Aviva is offering two plans, one of which excludes the Caribbean and the USA, whilst the other allows full world travel. According to the insurer, the new...
12 Mar at 6 PM 2014

Brit pensioners imperiled by financial and property scams

Although the FCA is now cracking down on dodgy FAs and property scams in the UK, British pensioners in Thailand are still being cheated out of their savings by unprincipled property agents and unregistered FAs. Hapless senior citizens who’d planned to retire in a warm, inexpensive country are being ripped off by their own people in Thailand’s favourite expat destinations. Readers will remember the media publicity surrounding the Harlequin Group’s investigation by the British Serious Fraud Squad after the administrators were...
24 Jan at 6 PM 2014

Dubai brings in compulsory heath insurance for expats

Expats, locals and visitors to Dubai must now have compulsory medical insurance, with the new law taking effect immediately. The move is expected to push up the cost of health insurance in the emirate, although it’s expected that private companies employing expats will bear the cost. The scheme will be phased in over a three year period, and its introduction ends years of speculation about its application to expats. Mandatory health insurance will place a strain on local hospitals, as those previously uninsured and unable to...
25 Oct at 6 PM 2013

Suspension of two more property funds may hit expats worldwide

Following the suspension of the Brandeaux range of property funds in late July and October’s news that the Mansion Student Accommodation fund is also suspended, expats with investments in the sector are bracing for the worst. Questions are now being asked as to whether the property sector is an appropriate investment, especially for expat retirees. Earlier this year, Harlequin Properties, which marketed its off-plan Caribbean luxury villas as SIPPS investments, called in the administrators and, more recently, the Australia-based LM...