Expat Pension Transfer News

Latest 10 news items tagged Pension Transfer

31 May at 6 PM 2016

Crackdown on dodgy expat financial advisors gets serious

Following several years of revelations concerning fraudulent and mis-sold financial advice in a number of expat destinations overseas, crackdowns by authorities are getting serious. The recent news that Thailand’s Securities and Exchange Commission (SEC) is finally acting with police to investigate expat claims of fraud by illegally-working, unqualified IFAs caused a ripple across the country’s expat investor community. Dodgy IFAs in Bangkok, Pattaya, Phuket, Chiang Mai and other expat hangouts had been mis-selling investments...
30 May at 6 PM 2016

British expat retirees well placed to afford Iberian homes

Due to strong increases in UK property values during the last several years, UK retirees are well-placed to afford properties in Spain and Portugal. Spain’s Andalusia and the Algarve in Portugal are still favourites for Brits wanting great weather, a friendly community and lots of activities in retirement. Due to the increase in the value of UK homes in most areas, they’re able to afford luxury for the price of a basic semi-detached UK house. Property specialists in both destinations are convinced the areas will benefit from a...
28 May at 10 AM 2016

Expats in unique Spanish beachside hideaway under Brexit threat

As the countdown to June 23 continues, the ripples of concern amongst Brit expats in Spain reach out to the most British of all Costa Blanca retiree havens. 70 miles south of the brawling Brit resort of Benidorm lies a newly-developed unique beach resort dedicated to UK expats. It’s not yet on the map, nor is easily found by taxi drivers and ambulances, yet it’s home to at least 25,000 retirees determined to recreate a ‘little Britain’ in the warm Spanish sun. Built some 30 years, ago, Orihuela Costa is culturally as far...
26 May at 6 PM 2016

Result of latest Brexit Poll sends sterling exchange rate soaring

Tuesday’s Brexit poll result is bringing good news to expats living in EU member states due to its positive effect on sterling exchange rates. Expats living in favourite European retirement havens are happy to receive positive news on two fronts this week. Results of a new Brexit poll by ORB Telegraph revealed the Remain campaign is now ahead by a full 13 points, with the immediate effect that sterling rose against the Euro to 1.32 to the pound.It’s especially good news for retirees on UK state pensions, the real value of which...
25 May at 6 PM 2016

Disenfranchised expats lose battle to win referendum voting rights

Britain’s Supreme Court yesterday ruled that expats living outside the UK for more than 15 years must remain banned from voting in the upcoming Brexit referendum. The battle’s finally over, with those who’ve lost possibly facing an unknown future without having any say in the final decision. To those who handed out the verdict, it was simply the conclusion of a legal argument delivered by a panel of judges who could not, or would not, take into account the effect of a Brexit on millions of British citizens exercising their free...
24 May at 6 PM 2016

Survey shows majority of expats in Europe wish to remain EU citizens

According to research carried out by a major website aimed at UK expats, the vast majority of UK citizens living in EU countries are in favour of Britain’s staying put in the EU. The survey, carried out with a representative sample of expats in Europe, showed that 71 per cent are committed to staying in the EU. Just 23 per cent are intending to vote to leave the union, with six percent unable to make up their minds as yet. The survey, conducted by global expat network AngloInfo, demonstrated that in spite of non-stop campaigning by...
23 May at 6 PM 2016

Supreme Court last ditch chance for disenfranchised UK expat voters

Following a Court of Appeal rejection last Friday, disenfranchised UK expats who’ve lived overseas for more than 15 years are pinning their fading hopes on the Supreme Court. Friday’s Court of Appeal ruling by Lady Justice King, Lord Dyson and Lord Justice Elias upheld the original decision that British voting law did not legally interfere with the EU’s right of freedom of movement. Leigh Day lawyer Richard Stein, acting for 95-year old Harry Shindler and Jacqueline MacLennan, told reporters that an emergency Supreme Court...
20 May at 6 PM 2016

Brit expats reject chance to vote in Brexit referendum

Inexplicably, only a small fraction of UK expats living in EU member states have registered to vote in the June 23 Brexit referendum. The several million British expatriates living, retiring and working in Europe could have made up a key constituency with strong influence over the results of the referendum. Endless media reports assumed that the threat of losing the right to residency, to work, to benefit from free healthcare and to continue receiving annual state pension upgrades would result in a stampede in favour of remaining in...
13 May at 6 PM 2016

Dealing with offshore pensions when its time to move back home

Many Brits living overseas intend to stay in their chosen country of residence for the rest of their lives, but unforeseen circumstances may force the decision to return to the UK. Working or retiring overseas is a dream for many, the majority of whom don’t give a thought to the complications of moving back home until they’re forced to. Older expats, whether working or retired, will need to carefully consider their financial futures, including investment decisions made whilst overseas. Since their introduction some years ago,...
12 May at 6 PM 2016

Brit expats face state pension slash should Brexit succeed

UK expats settled in European hot spots could see their triple-locked state pension frozen pending negotiations with EU member states regarding the annual increase. The present system permits British retirees living in European Economic Area (EEA) countries to receive annual pension increases related to either inflation or 2.5 per cent, whichever is greater. Should the UK leave the EU, pension payments are likely to be frozen at the current level due to the necessity of negotiating new agreements with individual countries. Should...