Relocation News - Emigrate UK Page 55
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FCA survey shows many pension savers don?t understand the product
According to a Financial Conduct Agency survey, 25 per cent of retirement savers who’ve accessed their defined contribution pensions have no idea how they did it. The FCA’s research was carried out with 13,000 respondents, with the intent of examining public attitudes towards the financial service sector. The survey concentrated on...
Expats need more reliable info on pension options
Experts in the field of expat finance are now realising clients are being short-changed by their providers once they stop paying in to their pension funds. Debates over the rights of deferred members who stop contributing to their pension but still have a fund are hotting up in the trade after research revealed under a third of providers...
Barnier puts British expats onward movement rights on back burner
The post-Brexit rights of UK expats already living in Europe to move to another EU country are being pushed back by the EU negotiating team. Future movements by UK expats already in Europe are not to be the subject of any discussions for the foreseeable future, according to the EU chief negotiator Michel Barnier. Campaigners working to...
Expats warned over post Brexit problems with financial services, insurance and pensions
Expats and those planning to relocate to Europe are being warned over potential difficulties with insurances, pension payments and financial services post-Brexit. UK Chancellor Philip Hammond is warning of post-Brexit legal uncertainties over existing cross-border pensions, financial services and insurances should no agreement be reached...
China is the new expat hub for digital nomads
Digital nomads and freelance writers are now heading for new experiences in the world’s oldest culture. In line with the development of the internet across the world, a new style of expat has emerged and can be found in dozens of far-flung locations as well as in the more established expat destinations. A favourite in spite of its...
Golden goodbyes offered by pension trustees to retirees on DB pension schemes
Britons coming up for their final years in employment and planning to retire overseas are concerned over the best way forward for their defined benefit pensions. A recent report has confirmed the black hole in final salary workplace pension schemes provided by employers. In spite of the 2017 gap between liabilities and assets having...
Expats in Amsterdam warned to watch out for online rental scammers
Expats in Amsterdam and especially those who’re newly arrived are being warned to be on the alert for scammers stalking the rental apartment scene. Amsterdam’s lack of affordable apartments makes settling in as an expat a frustration experience, particularly if accommodation in and near the Centrum is a requirement. The ongoing...
Saudi families and companies looking to hire female expat drivers
A surprisingly immediate reaction to Saudi Arabia’s dramatic rescinding of the controversial ban on women drivers is that Saudi businesses and families are planning to hire expat women drivers. Saudi families, car rental companies and businesses in general are taking advantage of the reversal of the ban on women drivers by deciding to...
Bad news for expats hoping to teach in Kuwait
Until the present day, Kuwait has been a popular destination for well-qualified and experienced teaching professionals, especially in the field of science. An announcement on Thursday by Kuwait’s head of the Civil Service Commission Ahmad al Jassar is likely to put paid to qualified expat teachers’ hopes for a job in the emirate. The plan...
Pension jargon explained for expat retirees
Making sense of the financial jargon common to all in the financial services sector can be a challenge for even the smartest would-be expat, but it’s essential to avoid being seen as an easy target. Britons coming up for retirement and considering emigrating could be forgiven for suspecting they’re being set up by anyone who claims to...
