Expat Usa News

Latest 10 news items tagged Usa

23 Nov at 2 PM 2014

Expat Book: Lisa Sadleir and Moving to Spain With Children

We're thrilled to announce that Lisa Sadlier, winner of our Education and Integration Schools blogging competition, has just had her first book published. Congrats Lisa! So if you are thinking about moving to Spain with with your kids, check out "Moving to Spain with children" and, once you're there, start blogging and join our thriving community! <h3>Moving to Spain with Children, by Lisa Sadleir.</h3> If you search online you will find a multitude of books about Spain; books set in spain; books about: moving...
12 Nov at 6 PM 2014

Threat of easy access strikes fear into UK pension providers

UK pension providers are likely to see a massive increase in the number of 100 per cent drawdown applications following next April’s take-up of the new pension rules. One of the UK’s largest drawdown providers, Standard Life, fears that many thousands of pension holders will decide to take full drawdowns, swamping its call centres and online site. The company and its competitors are planning to upgrade their facilities and allocate enough resources over the next several years to allow for a huge increase in new drawdown requests....
11 Nov at 6 PM 2014

Expat investors worldwide lose £400 million in Oz Ponzi scheme

The latest financial scandal to rock the expat world has resulted in massive losses due to the activities of commission-hungry rogue salesmen and greedy product providers. Individual losses range between many hundreds of thousands to pension pots of £100,000 or less, with the staggering total making the collapse of the unregulated LMIM fund one of the most damaging since the 2008 crash. Warnings about the instability of the investment had been circulating online since 2009, when long delays in honouring redemption requests first set...
6 Nov at 6 PM 2014

Expat landlords warned to beware of online subletting fraud

As if expat buy-to-let landlords with UK properties don’t have enough problems, this latest online scam could prove to be the last straw. The scam is aimed at landlords who advertise their properties online, and is at present targeting the AirBnB website. Fraudsters rent a property for a few days or weeks, then advertise it on other letting sites, interviewing prospective tenants and taking huge deposits before disappearing with the cash. One luxury Kensington apartment was let via AirBnB to a UK-based group of scammers for...
6 Nov at 6 PM 2014

Hidden financial and legal hurdles cause most expat stress

A recently released survey warns that would-be expats seeking a new life overseas should watch out for hidden hurdles such as tax and currency issues or unfamiliar legalities. Up to 400,000 Brits emigrate every year, with most citing a more relaxed lifestyle as a major reason for their life-changing decision. However, the survey revealed that it’s not the most alien destinations as regards language and culture which cause the most stress – it’s mostly all-time favourite English-speaking countries such as Australia and the...
5 Nov at 6 PM 2014

Insurer greed and self interest may wreck UK pension revolution

The UK government’s reversal of the purchase of compulsory annuities signalled a welcome sea change for expats as well as UK retirees, but risks being derailed by intransigence between insurance companies and policymakers. All sides in the increasingly volatile debate over the application of the new rules are protecting their own profits and interests and no single organisation is working on behalf of the consumer. The feared result is that rogue advisors and greedy product providers will win out, with pension savers at more risk of...
4 Nov at 6 PM 2014

Harlequin pension saver victims hit with financial double whammy

Scammed retirement savers whose cash was lost in the Harlequin property crash are now facing up to ten years’ continuing charges by their pension providers. Affected investors who were persuaded to take out QROPS and SIPPS-wrapped products have not only lost every penny of their savings, but are being charged £500 per annum by the pension providers themselves. Ostensibly referred to as management charges, the totals taken by providers will add some £17 million to the estimated losses. Thousands of pension savers are affected,...
4 Nov at 6 PM 2014

Brit expat silver surfers top internet user survey

UK retirees living overseas are the new digital nomads, using the latest internet technology to make new friends and stay in touch with families. Nat West Bank’s annual Quality of Life Survey released some surprising comparisons between internet usage by retirees resident in the UK and their counterparts in favourite expat destinations across the world. It seems that the process of leaving Britain’s shores to start a new life has been hugely impacted by pensioners’ use of the latest communication and information technology....
3 Nov at 6 PM 2014

Chinese goverment survey reveals most expats are illiterate males

The results of a survey by China’s State Administration of Foreign Expert Affairs may have come as a shock to the ministry, but expat professionals seem to be regarding it as a big joke. The study was undertaken in order to determine how to attract the brightest and best overseas talent to China’s buzzing economy. The results, however, seemed to indicate that most expats are male, and almost all are unable to utter ever a short, simple sentence in basic Chinese. Expats who took part in the survey had a different tale to tell,...
31 Oct at 6 PM 2014

Windfalls waiting for thousands of missing Standard Life expat customers

Tens of thousands of former Standard Life customers have been missing out on a share of the huge cash pile distributed by the company when it went public eight years ago. The former mutual insurance and pensions company has tracked down the vast majority of the 2.5 million customers who were entitled to a part of its massive multimillion payout in 2006. However, 73,000 are still untraceable, with Standard Life believing that many are expats who didn’t inform the firm of their change of address. The average amount due to each of...