Expat Pension Transfer News

Latest 10 news items tagged Pension Transfer

18 Jul at 6 PM 2017

Country cost comparisons for thrifty expats

Given the vast number of surveys citing various costs of living in countries across the globe, expats should find it easy to decide which countries match their financial situations. For would-be expats, the cost of living in their preferred destination is perhaps the most important aspect of planning a life overseas. Whatever the financial situation, monthly expenses and the cost of setting up are crucial to the choice, with less expensive countries allowing a few luxuries as well as necessities. Costs are, of course, relative to...
12 Jul at 6 PM 2017

Affordable new online GP service aimed at UK expats worldwide

One of the major concerns for UK expatriates living in Europe is access to inexpensive, reliable healthcare post-Brexit, with a new online GP service offering at least part of the solution. The post-Brexit demise of free local healthcare for UK expats living in European countries has dominated forums and local news outlets since the referendum. A good proportion of Britons living overseas are retired and depend on the European Health Card for their regular visits to a general practitioner as well as any hospital treatment they may...
11 Jul at 6 PM 2017

Young British expat in Costa del Sol attacked by serial sex offender

A serial sex offender has attacked a young British expat after hiding in her car after teling her she wouldn’t be the first woman he’d killed. A manhunt for the serial sex attacker is now under way across the Costa del Sol region after a victim was forced under threat of death to perform sex acts on him. Fuengirola is best known as one of the Spanish region’s favourite holiday and retirement hub for British families and pensioners, and is normally considered to be one of the safer spots in Europe as regards violent attacks of...
10 Jul at 6 PM 2017

Should expat investors in EU properties stay positive

Even although it’s not at all clear how Brexit will finally affect UK citizens living in Europe, many Britons still planning to buy holiday homes are focusing on the effect of the UK’s divorce on foreign property prices. Those who purchased homes in European countries prior to the referendum have already made a profit on paper due to the collapse of sterling after the Brexit result was announced, and may yet make more if a hard Brexit becomes reality. For those hoping to buy in the near future, a holiday home in the sun may well...
4 Jul at 6 PM 2017

UK expats quitting Valencia ahead of final Brexit date

In spite of endless media reports citing UK expats’ potential problems with continuing their chosen lives post-Brexit, TV shows and adverts continue to push the positives of settling in a Spanish dream home. At the present time, no-one caught in the Brexit dilemma has any real idea how their lives will pan out in the swiftly-approaching future, but for many expat-aimed businesses including real estate developers it’s business as usual. It seems unreal that would-be expat retirees or hopeful entrepreneurs could have missed out on...
4 Jul at 6 PM 2017

UK and EU talking in different tongues over Brexit

Campaigners for expat rights are frustrated by their belief that the UK and EU Brexit negotiators are ‘speaking in different languages’ as regards the negotiations. A joint statement issued by the 3Million and the British in Europe coalition (BIE) states the major issue with May’s offer last week is that it doesn’t reciprocate the EU’s offer but substitutes it with less effective concepts based on the British legal system. Put bluntly, May’s ‘settled status’ solution offers a far less generous system of protection, and...
26 Jun at 6 PM 2017

Research shows transfers from UK defined benefit pensions hit record highs

Transfers from UK defined benefit pension schemes now total a record amount of around 50 billion sterling, according to figures released by Mercers to the Financial Times. The total cash pulled from DB schemes since pension freedoms were brought in two years ago represents the pension savings of some 210,000 members of final salary schemes, and is far higher than the alternative figures provided by Britain’s Financial Conduct Agency (FCA). The FCA’s estimate comes out at between 80,000 and 100,000 transfers each year, with as yet...
21 Jun at 6 PM 2017

Mass exodus of Brits from Valencia as Brexit negotiations start

Around 20 per cent of the British expat community in the Spanish city of Valencia have already returned to the UK rather than wait to hear the results of the Brexit negotiations. The exodus has mostly taken place over the year following the Brexit referendum, headed up by a number of British expats who’d already decided to return home should the Leave vote triumph rather than endure several years of uncertainty. January 2015 figures from Britain’s National Institute of Statistics showed some 96,115 UK expats living in the Spanish...
20 Jun at 6 PM 2017

Brexit impact on expat property owners

Brexit negotiations are now underway, but a lack of first-hand information on the UK government’s position is weighing heavily on UK expat property owners in EU member states. Divorce talks between the UK and the EU are now ongoing, with Brexit Secretary David Davis stating the UK is seeking a ‘deal like no other in history’ – whatever that may mean. The plight of EU and UK expats is expected to be top of the agenda, but the effect of Brexit, whether hard, soft or somewhere in between is anyone’s guess. Fear of the unknown...
12 Jun at 6 PM 2017

British expats in UAE fear backlash from general election

British expatriates in Dubai are fearing an uncertain future after last week’s devastating election result. The loss of the Conservative PM’s majority in the House of Commons and her decision to align with an Irish party formerly reputed to have been supportive of IRA terrorists has caused massive instability in the UK political system. Worse still, the result came just days before the EU and Theresa May were due to start the Brexit negotiations. Expats living and working in the UAE believe the PM’s call for the snap...