Expat Usa News
Latest 10 news items tagged Usa
6 Mar at 6 PM 2014
With emigration for work purposes becoming even more common, it’s important for expats to ensure their company provides adequate healthcare packages.
Most international companies include quality healthcare insurance as an incentive to lure the best of the rest to offshore positions across the world. Would-be expat workers need to make certain the insurance package offered covers healthcare for themselves and their families relevant to their new location.
Company-based private health cover should take care of long-term treatments...
5 Mar at 6 PM 2014
Given the shenanigans at present rife in the expat financial advice sector, many offshore savers are worried about the lack of protection should their investments fail.
Better news may be on the way for those whose investments are placed in the Isle of Man with its present lower level of depositor protection. According to the island’s director of financial services John Spielman, the current £50,000 level is now under review.
Given that bioth the UK and EU levels are set at £85,000, investors may well think that the IOM level...
5 Mar at 6 PM 2014
UK expats who met and married their partners whilst working overseas are having their lives torn apart by new financially-based spousal UK immigration rules.
The minimum income requirement now mandatory for migrants from outside EU member states was introduced to limit the numbers entering Britain. However, the net result has been that UK citizens wishing to return home together with their foreign wives and families have only two options - get a well-paying job or leave them behind.
One such expat, born in the UK and privately...
3 Mar at 6 PM 2014
Following an investigation on a UK expat saver’s behalf by This is Money.co.uk,
a financial intermediary has admitted advice to the saver in Alicante was wrong and has re-established his lost pension pot.
The unnamed expat had been persuaded in 2010 by a representative of financial intermediary deVere to invest 80 per cent of his pension pot in a single fund, the Strategic Growth Fund (SGF). His county council final salary scheme had netted him £150,000 and he had requested a medium risk investment following his transferring of...
3 Mar at 6 PM 2014
British pensioners who emigrated to be with grandchildren or for health reasons are being forced to return to the UK because their pensions are frozen in their host countries.
An example of the desperate decisions being taken by many elderly Brits who moved abroad to be with loved ones or to take advantage of warmer weather for their healths’ sake is a 90-year old grandmother who moved to Canada in 2001. An IT lecturer during her working life, she made the move to be close to her daughter and grandchildren who’d emigrated a few...
27 Feb at 6 PM 2014
The number of QROPS now on the market has hit a record high of 3,230, with a new product being released almost every day and more legislation enquiries than ever before.
The increase in enquiries about the legislation pertaining to QROPS is believed to be due to a lack of incentives to keep pension pots in Britain as well as a need to protect funds from changing legislation. Modifications to the industry initiated by HMRC over the last several years have been aimed at restraining fraudulent abuse in the marketplace as well as stopping...
26 Feb at 6 PM 2014
Figures disclosed to a UK newspaper earlier this week have proven that a high number of pension savers have been mis-sold annuities by their insurance companies.
Although government regulators are aware of the rip-offs, it’s estimated that it will take several years to reform the system. Ten international insurers offer higher pension payout rates to clients in poor health or with negative lifestyle habits such as smoking or excessive drinking.
The reason for the payout differential is that such savers are unlikely to live as...
24 Feb at 6 PM 2014
A recent league table rating 223 global cities for their expat quality of life has placed Dublin at no. 34, with European cities continuing to dominate the ratings.
Unsurprisingly, the result of the survey, carried out by international consultancy firm Mercers, showed European world cities at the top of the list, with Vienna coming in at first place. Zurich, Munich, Frankfurt and Dusseldorf all made it into the top ten.
The report was the result of an analysis of 39 factors deemed essential by expats, ranking the cities based on the...
21 Feb at 6 PM 2014
Expat investors tired of searching for fixed rate investments at above their host countries’ current inflation rates are turning to retail bonds for comfort.
Bonds as such are not just the province of the extremely wealthy, as investments can start at the low thousands or ever low hundreds of pounds. Retail bonds are relatively new kids on the investment block, and have gained plenty of fans over the last several years.
Put simply, retail bonds are fixed-term loans to an established company at the offered interest rate, with...
19 Feb at 6 PM 2014
The southwest Asian Sultanate of Oman appears to be following its Gulf State neighbours in announcing that 100,000 expats jobs are to be removed and given to locals.
An announcement Monday by Oman’s Minister of Manpower, Sheikh Abdullah bin Nasser al Bakri, affirmed a planned move to reduce the number of private sector positions filled by expat workers by six per cent to 33 per cent of the total number of jobs in the Sultanate. It’s expected that 107,000 expatriates will be forced to leave as a result.
The move was initiated...