Expat Pension Transfer News

Latest 10 news items tagged Pension Transfer

18 Apr at 6 PM 2019

San Miguel financial fraud loses expats up to a million dollars

Yet another sad tale of expats being scammed out of their retirement funds shows the issue is still a problem worldwide. The expat community in Mexico’s San Miguel retirement hub is seething with fury as the story of how they were scammed by a well-known personal banking representative breaks. Representative Marcela Zavala Taylor, well known and liked in the community, was the local agent for Grupo Financiero Monex Bank in the region, with her clients trusting her with their pension pots and savings due to her promised high...
18 Apr at 9 AM 2019

Expats in Spain post call for dedicated MP

Due to the inefficiency of its consulates and embassies as regards advice and updates regarding Brexit, British expats in Spain are calling for their very own PM to represent their interests. Some 5 million Britons live in expatriate destinations worldwide, many of whom will need consular assistance as some time during their stay overseas and the majority of whom are long term residents aged between 15 and 64 years. This statistic refutes the image of the typical British expat as a pensioner living the good life on a budget somewhere...
16 Apr at 6 PM 2019

UK expat professionals warned to check their occupational pensions LTA limits

British expat professionals in the UAE may be at risk of breaching pensions tax LTA limits. Warnings are being sent out to the estimated quarter of a million expats living and working in Gulf states that their occupational pensions may be in breach of the UK taxman’s LTA limits. Those likely to be affected are in receipt of generous pension schemes such as are offered in the construction, oil and gas and aviation sectors, with those in the energy sector most at risk. According to upscale IFAs in the region, many in the oil and gas...
15 Apr at 6 PM 2019

Mega financial scammer IFA boss fails to attend Spanish court hearing

The boss of a failed financial advisory company in Alicante is in hiding, having failed to attend a Spanish court hearing. Darren Kirby’s Alicante-based Continental Wealth Management financial advisory company folded in 2017, leaving hundreds of investors out of pocket to the tune of millions. Continental Wealth Management’s Denia office in the Marriott Hotel was an upscale setup aimed at impressing future clients, with the company also managing up to 10 telesales staff dealing with expat clients across Europe. Its modus operandum...
11 Apr at 6 PM 2019

British expat pensioners in Europe need relief from sterling devaluation

One of the worst aspects of Brexit for British expats living in the EU is the devaluation of sterling. Expatriate Brits living on the measly UK state pension in European Union member states haven’t just had to deal with the fear and uncertainty of losing their chosen lifestyles due to Brexit, they’ve also had to scrimp even more due to the referendum’s effect on sterling’s value against the euro. Europe’s forcing Theresa May to accept a longer delay may cause a relief rally for the pound, but how long this will continue is...
8 Apr at 6 PM 2019

Healthcare insurers taking full advantage of the rise in expat numbers

It seems the much-derided ‘nanny state’ in first world countries is now being replaced by the rapacious private healthcare industry in just about every popular expat destination. 'Private healthcare insurance' is the new buzzword for greedy insurance companies looking to profit from the expat diaspora gathering speed in countries across the world. Private hospitals are springing up like mushrooms in the most unlikely places, staffed by the same medics formerly constrained to public medical facilities dealing with expats as well as...
3 Apr at 6 PM 2019

Brexit to threaten Cypriot economy as well as expat lives

British expats and the British economy aren’t the only sectors expected to suffer due to Brexit. The upcoming disaster known as Brexit won’t just wreck the British economy and several million expats’ lives as it will also hit on the economies of a good number of the remaining EU member states. According to a report from Standard and Poor, the Netherlands, Ireland and Luxembourg will be worst hit, with Cyprus also extremely susceptible to the effects of new rules on the export of a variety of services and goods to the UK. The...
1 Apr at 6 PM 2019

British in Costa Blanca now have region-dedicated English language newspaper

Olive Press now has an edition focused on the Costa Blanca expat community Popular expat newspaper The Olive Press now has a dedicated Costa Blanca-focused publication, the latest in its group of four to bring news, events and happenings to Spain’s huge but scattered expat community. For expats working or retiring overseas, having a local paper which keeps its readers up to date on everything from politics, events, opinion pieces and informational articles is essential, particularly for retirees who may find learning a new language...
28 Mar at 6 PM 2019

Expat investors in Middle East now have financial advisory aggregator website

For the first time, would-be expat investors in the Middle East will be able to check out their IFAs via an online financial advisory aggregator site. UAE-based communications, consultancy and research agency Insight Discovery is the brains behind the website, with its aim to discourage cold-calling malpractice as well as financial scammers in general. Found at www.whichfinancialadvisor.com, the site is the first of its type in the Gulf States. Only financial advisory companies which have been pre-approved by the two major UAE...
27 Mar at 6 PM 2019

Catch these cheap expat destinations before it’s too late

As the global expat community soars, it’s inevitable that costs of living will rise, even in the most economical destinations. Not everyone who leaves the home country for a future overseas has a generous salary plus perks or a gold-plated pension, with many of the world’s best-loved retirement destinations also some of the least expensive as regards costs of living and housing. It should be borne in mind that pensions paid in home country currency might be affected by the ups and downs of the currency exchange marketplace, but...