Expat Pension Transfer News

Latest 10 news items tagged Pension Transfer

21 Jun at 6 PM 2018

Fears grow for expat insurances and pension as passporting rights issue ignored

The threat of losing access to pension payments and insurance coverage for UK expats in Europe is creeping ever closer as the crucial issue of ‘passporting rights’ continues to be ignored by the UK negotiating team. British expats resident in European member state countries have long been aware of the possible personal financial consequences of a hard Brexit, but as March 2019 creeps closer it’s obvious that Brits in the home country may also be affected. A number of insurers have already transferred their operations from the UK...
14 Jun at 6 PM 2018

Brit expats in France offered $60 for Brexit opinions

UK expats living in France are being offered £60 to give their Brexit views at British Embassy outreach meetings. As part of the British Embassy’s Brexit-focused outreach campaign in France, UK expats living in and around Paris and Nice are being asked to attend and give their views at targeting focus group meetings. Each meeting will last around one and half hours, and participants in three groups, students, working people and pensioners will each receive a gratuity of £60. Those attending will be asked for their opinions on...
8 Jun at 4 PM 2018

Cold calling pension transfer scam nets £21 million before being shut down

A High Court judgement on May 30 has resulted in six fraudulent pension transfer and finance companies being shut down for defrauding clients out of £21 million. Although no mention has been made of British expats losing their savings via the scam, this shocking tale of misuse of responsibility for personal gain should act as a warning to UK pensioners all over the world. A flood of complaints about the companies’ activities resulted in a full investigation of six financial advice companies by the UK government’s Insolvency...
30 May at 6 PM 2018

EuroCitizens meet in Madrid sets out human cost of Brexit

Last week’s EuroCitizens round table meetup in Madrid told it like it is right now for UK citizens living in the EU. The March agreement between the opposing UK and EU Brexit negotiators means the post-Brexit rights of Britons living in EU member states are to be severely curtailed. British in Europe steering group member and EuroCitizens chair Michael Harris reported on the situation to date, how this has happened and what protest groups can do during the months preceding ratification. Basically, should a Brexit deal be finally...
22 May at 6 PM 2018

Is expatriation the only answer to UK inflation and poor investment performances

Retiring overseas is a dream for increasing numbers of British workers, but what’s the financial reality necessary to make the dream come true? Many Britons approaching retirement believe their later years would be best spent in a country with warmer weather and less rain as well as a cheaper cost of living. Spain is an all-time favourite, and several Southeast Asian nations also comply with would-be UK expats’ perceptions of the ideal life. However, the financial reality of a move abroad once your working life is over can, if not...
21 May at 6 PM 2018

British in France rushing for citizenship rather than facing the unknown

With just ten short months to go before Britain leaves the EU, UK citizens in France are rushing to gain French citizenship. In a panic to ensure their futures in the land of their choice, Britons in France are deciding not to take the risk of waiting to hear the final Brexit deal before deciding whether or not to apply for French citizenship. Although the majority believe they will be able to keep living in France post-Brexit, the chaos surrounding the negotiations is unsettling enough to persuade increasing numbers to become...
16 May at 6 PM 2018

Russian expats in Cyprus demonstrate over increasing crime

Increasing levels of crime in Cyprus have caused groups of Russian expats to mount demonstrations in Limassol and Paphos. Known for its attraction for expats from colder climes, Cyprus is especially popular with elderly pensioners looking for a peaceful retirement in the sun. However, recently released reports have claimed increasing levels of crime are now centred on the island’s cities and are getting out of control due to understaffed and overworked local police. Last Monday, two groups of Russian expats took the matter into...
16 May at 6 PM 2018

Australia is still a favourite with Brit retirees but its own are leaving

Australia is still popular with UK expat retirees, but its own seniors are leaving for more affordable foreign destinations. The numbers of elderly Australians leaving their home country for a less expensive life overseas have dramatically increased over the past decade, with Oz expat communities forming in Spain, Cambodia and Thailand. In 2016, almost two thousand Australian pensioners over the age of 55 relocated to various retiree hubs in Italy and Greece as well as New Zealand, mostly due to rising property prices and the soaring...
14 May at 6 PM 2018

British expat community in Spain torn apart by Brexit

May 9 was Europe Day, a celebration of everything the European community stands for, but UK expats affected by Brexit might not have been celebrating. The general feeling across the expat community in Spain is that Brexit has fragmented the formerly cohesive, strong British presence in the country. Almost a million Britons are now living in Spain as part of what used to be a friendly, supportive environment deliberately chosen for its lifestyle by business people, retirees and families. Brexit has been the cause of gaping divisions in...
11 May at 6 PM 2018

Pension transfer fraudster with 800 victims convicted for second time

A previously convicted pension fraudster has been rearrested and sentenced again for running a pension transfer scam. Simon Colfer,had been convicted and jailed for theft, forgery, fraud and obtaining money by deception at an earlier date, but after his release in 2010 he fronted Fortitude Trading under the false name Simon Davies in order to cover up his past history. His previous conviction had resulted in his being declared bankrupt and subject under the Proceeds of Crime Act to a £1.7 million confiscation order. However, the...