Expat Pension Transfer News

Latest 10 news items tagged Pension Transfer

16 Jul at 6 PM 2018

White paper loses some 800000 Brit expats in EU

The mystery loss of some 800,000 UK expats formerly listed as living in EU member states is confusing, to say the least. Until the publication of Theresa May’s white paper on Brexit, an estimate of around 1.2 million British expats was considered accurate by government spokespersons and the media alike, and is still used as a total by the BBC, various British in Europe campaign groups and many other media outlets. It’s been quoted as accurate by the independent think-tank Migration Watch and also by the UK in a Changing Europe...
13 Jul at 6 PM 2018

New job new country new pension plan

If you’re switching jobs for more money and an expat lifestyle overseas, don’t ignore your pension pot. Next to property, a pension is possibly the most valuable asset the majority of people will have but, just like a home, it needs to be looked after. In the excitement of taking on a better job with a higher salary in a new overseas location, it’s not difficult to overlook the next move for your pension. If your new company has a pension scheme, checking its details against your present scheme’s benefits is a good start....
11 Jul at 6 PM 2018

Ensuring your financial plan for retirement is all it needs to be

If you’re planning to retire overseas, making sure your financial plans are adequate is essential. More and more older people are opting for a retirement in a warm, sunny, cheaper destination after having spent their lives working and waiting for an excuse to get up and go. For many, Brexit is that excuse, and increasing numbers of Britons are now heading for popular European expat hubs. Hopefully, the majority have made financial plans for their retirement, as the British state pension isn’t exactly generous. Nowadays, planning...
2 Jul at 6 PM 2018

Brit expat killed during police chase accused of selling drugs to elderly expats

A retired British expat living in Thailand and killed in a car crash during a police chase was accused of supplying illegal drugs to addicts in the local elderly expat community. David Sewell smashed his car into a lorry after being chased by Thai police in Udon Thani for around six miles. He was immediately rushed to a nearby hospital, but was later pronounced dead. According to Thai police, they found quantities of meth pills, cannabis, cocaine and crystal meth in his car, although separate news reports state the drugs, packed in...
21 Jun at 6 PM 2018

Fears grow for expat insurances and pension as passporting rights issue ignored

The threat of losing access to pension payments and insurance coverage for UK expats in Europe is creeping ever closer as the crucial issue of ‘passporting rights’ continues to be ignored by the UK negotiating team. British expats resident in European member state countries have long been aware of the possible personal financial consequences of a hard Brexit, but as March 2019 creeps closer it’s obvious that Brits in the home country may also be affected. A number of insurers have already transferred their operations from the UK...
14 Jun at 6 PM 2018

Brit expats in France offered $60 for Brexit opinions

UK expats living in France are being offered £60 to give their Brexit views at British Embassy outreach meetings. As part of the British Embassy’s Brexit-focused outreach campaign in France, UK expats living in and around Paris and Nice are being asked to attend and give their views at targeting focus group meetings. Each meeting will last around one and half hours, and participants in three groups, students, working people and pensioners will each receive a gratuity of £60. Those attending will be asked for their opinions on...
8 Jun at 4 PM 2018

Cold calling pension transfer scam nets £21 million before being shut down

A High Court judgement on May 30 has resulted in six fraudulent pension transfer and finance companies being shut down for defrauding clients out of £21 million. Although no mention has been made of British expats losing their savings via the scam, this shocking tale of misuse of responsibility for personal gain should act as a warning to UK pensioners all over the world. A flood of complaints about the companies’ activities resulted in a full investigation of six financial advice companies by the UK government’s Insolvency...
30 May at 6 PM 2018

EuroCitizens meet in Madrid sets out human cost of Brexit

Last week’s EuroCitizens round table meetup in Madrid told it like it is right now for UK citizens living in the EU. The March agreement between the opposing UK and EU Brexit negotiators means the post-Brexit rights of Britons living in EU member states are to be severely curtailed. British in Europe steering group member and EuroCitizens chair Michael Harris reported on the situation to date, how this has happened and what protest groups can do during the months preceding ratification. Basically, should a Brexit deal be finally...
22 May at 6 PM 2018

Is expatriation the only answer to UK inflation and poor investment performances

Retiring overseas is a dream for increasing numbers of British workers, but what’s the financial reality necessary to make the dream come true? Many Britons approaching retirement believe their later years would be best spent in a country with warmer weather and less rain as well as a cheaper cost of living. Spain is an all-time favourite, and several Southeast Asian nations also comply with would-be UK expats’ perceptions of the ideal life. However, the financial reality of a move abroad once your working life is over can, if not...
21 May at 6 PM 2018

British in France rushing for citizenship rather than facing the unknown

With just ten short months to go before Britain leaves the EU, UK citizens in France are rushing to gain French citizenship. In a panic to ensure their futures in the land of their choice, Britons in France are deciding not to take the risk of waiting to hear the final Brexit deal before deciding whether or not to apply for French citizenship. Although the majority believe they will be able to keep living in France post-Brexit, the chaos surrounding the negotiations is unsettling enough to persuade increasing numbers to become...