Expat Pension Transfer News

Latest 10 news items tagged Pension Transfer

9 Apr at 6 PM 2020

Major war erupts between expat newspapers in Spain

It seems the coronavirus doesn’t just wreck lives, as it’s now caused an unpleasant major war between Spain’s two favourite English language media outlets. As is true for many businesses during this unprecedented threat to both expats and residents all across the world and the economy in general, expat-aimed media outlets have also been hard hit due to a massive loss of advertising revenues. Many are at risk of closure as a result, especially if they’re providing printed copies as well as an online presence. The two papers...
2 Apr at 6 PM 2020

Minister warns over DF pension transfer valuations due to covid-19 instability

For retirement savers and would-be expats hoping to switch their cash from a defined benefit pension to a QROPS prior to moving overseas, regulators have now announced a three month delay. Due to the coronavirus’s devastating and destabilising effect on the markets and property prices, regulators are having problems setting the correct transfer value and have announced a three-month delay to the normally fast process. Early last week, the UK pensions regulator published new guidance notes detailing the postponement of transfers not...
26 Mar at 6 PM 2020

Estepona City employees now helping expat pensioners in need

Lonely older expats in the Spanish city of Estepona are now being tracked down and helped by groups of municipal workers. According to the popular British retirement destination’s local councillor Begona Ortiz, her team of municipal employees have discovered 168 elderly foreign retirees in need of assistance as well as 363 local pensioners. As a result, the local town hall is now getting in touch by phone with at-risk residents and asking them whether they need help getting provisions and other requirements. According to reports...
18 Mar at 6 PM 2020

Expats nearing retirement may need to rethink their financial strategies

Would-be expat retirees are facing delayed retirement due to the coronavirus’s effect on the stock market. As stock markets all across the planet react negatively to the coronavirus chaos’s effects on world business, hardworking British would-be expat retirees may need to work harder for longer to achieve anything resembling their financial goals. Most affected at present are those whose hard-earned cash is mostly invested in shares, many of whom could start their retirements without enough to live on. It’s better news for...
16 Mar at 6 PM 2020

Fight to end Brit expat frozen pensions gets tougher as campaign ramps up

Brit expat retirees in Commonwealth countries to remain on frozen pensions whilst those in the EU will get uprates. As British retirees living in EU member states post-Brexit sigh with relief at the news their state pensions will be uprated, their equivalents in Commonwealth countries are being denied parity yet again. The British government’s press release on last Monday’s Commonwealth Day hit a sour note with its hollow message of a ‘common future’ coupled with its ignoring of the financial plight of retired Britons in...
13 Mar at 6 PM 2020

Brit expats in Spain angry over suspension of UK/EU negotiations

The temporary closure of UK/EU post Brexit negotiations due to the pandemic has caused concern for British expats in southern Spain. Post-Brexit talks between Britain and the EU have just been suspended until further notice due to the coronavirus pandemic, leaving UK expats living in Spain bitterly disappointed. All across the popular retirement destination, older British expats have been awaiting desperately needed clarification of their ultimate positions as Spanish residents, with yet another delay causing a combination of anger,...
10 Mar at 6 PM 2020

Leading Spanish lawyer claims Rothschilds victory opens doors for more prosecutions

In an update to a Malaga law firm’s landmark victory over Rothschild’s Bank, it’s now being claimed the bank may be forced to reimburse some nine million euros to other British expats scammed by the same scheme. A leading Spanish lawyer is now claiming the Torremolinos court victory opens the doors for hundreds of other expat victims of the bank’s now infamously dodgy equity release scheme to legally claim reparation for for their lost savings. In the landmark case, British expats Marion and Barry Joyce were awarded €15,000...
9 Mar at 6 PM 2020

First expat coronavirus victim in Benalmadena now in hospital quarantine

British expats in Benalmadena are being urged not to panic as the town’s first coronavirus case is announced. According to a spokesperson from Xanix Hospital, one patient is now in isolation having been diagnosed with the rapidly-spreading virus. Expats in Spain are glued to their online media sites as numbers along the Costa del Sol and in other coastal retirement hubs are released, and are being warned to take extra care to avoid crowds and concentrate on personal hygiene in order to avoid infection. Older British expats in...
5 Mar at 6 PM 2020

N26 digital bank decision causing chaos for British expats in Spain

British expats in Spain with N26 digital bank accounts are rushing to change their registered addresses. The Germany-based relatively new expat banking service became popular amongst British expats in Spain due to its straightforward fund transfers, but the digital bank is now pulling out of the UK market. Brexit is the reason, and the change is due to close down some 200,000 UK-registered accounts. Many UK expats living, working or retiring in Spain still have registered UK addresses and are now rushing to change to their Spanish...
26 Feb at 6 PM 2020

Reasons why expats in the UAE aren’t making financial plans for retirement

Expats in the UAE are being urged to take retirement finance seriously. A recent survey revealed almost half of all expats living and working in the UAE are either planning to keep working after their official retirement age or haven’t given a thought to their post-retirement standards of living. Additionally, 60 per cent had an almost total lack of financial awareness as regards long-term savings plans, with 43 per cent believing end of service benefits would take care of their post-retirement needs on a long-term basis. Given...