Expat Pension Transfer News

Latest 10 news items tagged Pension Transfer

23 Feb at 6 PM 2018

Doctors quitting the NHS for early retirement and emigration

Doctors in the UK are retiring early due to strict pension savings rules and an overload of work. As thousands of EU nationals leave their NHS jobs for fear of their post-Brexit status, the worse news is that increasing numbers of their colleagues are retiring early and emigrating. Some 5,000 experienced medical practitioners a year are now heading to an expatriate life, whether for retirement or to take on new positions in a less challenging and more rewarding heathcare environment overseas. The current state of the NHS and the...
23 Feb at 6 PM 2018

Potential expat retirees choose property investment over employer pensions

If you’re planning to retire overseas, you’ve a choice to make between investing in real estate or paying into a private pension. For British retirees, the state pension is now insufficient to support a lifestyle in even the least expensive country popular with retired UK expatriates. Relying on capital to support your stay is risky, especially considering the rising cost of both private medical insurance and private hospital charges in countries formerly known for their reasonable costs. A recent survey in the UK revealed an...
22 Feb at 6 PM 2018

Brit expats risk post Brexit block on pension and insurance payments

British expats are still being kept in the dark over the threat to their pension payments due to Brexit’s terminating of passporting rights. Five months after the revelation that British expats might lose their pension and insurance payments post-Brexit due to the withdrawal of so-called ‘passporting rights’, no clarification has as yet been given. Passporting rights are in common usage by UK and EU financial advisors to provide products across all EU member states’ borders. Passporting is set to end in March next year unless...
21 Feb at 6 PM 2018

British expats face dilemma over QROPs

Brit expats living in EU member states are facing a dilemma over their QROPs. At the present time, there seems to be no stopping the progress of Britain’s divorce from the EU. The due dates are March 31 next year, followed by an all-too-brief transition period ending in December 2020. Both dates present a knife-edge for expats in Europe as regards QROPs, but no-one has any real idea whether Brexit will impact on expats’ pensions. The popular pension-porting plan was first introduced in April 2006 in an attempt to simplify...
15 Feb at 6 PM 2018

UK state pensioners in Oz seek PM help to reverse frozen pension law

Long-suffering British retirees who emigrated to Australia many years ago are urging PM Malcolm Turnbull to confront the UK government over the issue of the frozen UK state pension. Vice-chairman of the British Pensions in Australia group Jim Tilley has requested Mr Turnbull raises the issue of the ‘grossly unfair’ law with the British PM during the Commonwealth Heads of Government conference this April. In spite of the many other expat destinations where frozen UK pensions are the law, Tilley sees the fight as a Commonwealth...
12 Feb at 6 PM 2018

Plans for expatriate retirement may be hit by pension black holes

As many as two-thirds of the UK’s pension schemes may be at risk of failure. According to a recent report by the Pensions Protection Fund, (PPF), by the end of last year some 3,710 schemes were in deficit, with shortfall totals hitting £210 billion. In percentage terms, 66.4 per cent of the 5.588 PPF-monitored pension pots are at risk should the companies involved find themselves under financial difficulties. The totals were highlighted by the collapse of BHS and Carillion, both of which had massive black holes in their company...
2 Feb at 6 PM 2018

Elderly UK expats returning home caught in social care trap

British expats returning to the UK with serious health problems are facing a funding lottery harming their care home and social service needs. It’s sad but true that expat life as a retiree with health problems can result in an unwelcome but forced return to the home country, but the state of social care in the UK is a lottery at best and collapsing at worst. A recent freedom of information enquiry revealed a massive lack of funding across over a hundred local councils which is preventing pensioners getting the care they desperately...
31 Jan at 6 PM 2018

Misselling of financial products by dodgy IFAs still rampant in the UAE

In spite of UAE regulations on compensation for financial irregularities involving investments, expats in the UAE are still at risk from dodgy IFAS. A recent report in Dubai’s English language media confirms many expats living and working in the Emirates are losing tens of thousands of dirhams to unprincipled independent financial advisors. One British lawyer who’s lived in Dubai for 11years tells it like it was when, around a year after he’d arrived, he was mis-sold a regular savings pension plan by a rogue expat presenting...
26 Jan at 6 PM 2018

Golden destinations for expat retirees golden years

Retiring overseas rather than fighting inflation in the home country is now a practical financial option for many pensioners living in first world countries. Even if there’s no gold-plated pension waiting at the end of your working life, it’s still possible to enjoy a much more satisfying retirement lifestyle by emigrating to a less expensive location overseas. Your choice of destination may well be dependent on your country of origin’s state pension, but choosing carefully will allow you to eke out your monthly cheque without...
18 Jan at 6 PM 2018

Husband of missing British mother arrested for boiler room fraud

Paul Muldoon is to be extradited to face boiler room fraud charges after being detained by police using a European Arrest Warrant. The abusive husband of missing British mother Rebecca Muldoon is to be extradited to the UK under a European Arrest Warrant for running a boiler room investment scam which defrauded British pensioners. Before he was arrested by British investigators, Muldoon was one of the UK’s most wanted financial scammers and had been on the run for over a year. He and his accomplices had been accused of running a...