Finance News - Emigrate UK Page 36
This is the category page for all Finance news here on emigrate.co.uk, where you can view all the Finance emigration news.
UK MPs gather info on pensions freedom windfall spending
British lawmakers are gathering evidence of how pension savers are using their tax free pension freedom cash withdrawals of up to 25 per cent. The information is to be discussed during parliament’s Work and Pensions Committee’s pension freedom inquiry on the success or failure of the relatively new scheme. The pension freedom...
Brexit woes chasing bankers out of the UK to Frankfurt
Thousands of bankers are expected to move from London’s City financial district to Frankfurt as Brexit looms. Germany’s financial capital Frankfurt is expecting a rush of thousands of previously London-based bankers, resulting in considerable strain on suitable housing and international school places. The city has always been popular...
QROPS rules to stay the same until after Brexit
Expats will be relieved to hear there will be no changes to QROPS laws until after Britain finally leaves the European Union. The massive logjam of legislation necessary before March 2019 is clogging the British parliament’s schedules for the foreseeable future, leaving almost no time to debate and vote on other important legislation....
US retirees advised to sort out financial pros and cons before emigrating
US retirees are being urged to consider the financial pros and cons before making the decision to emigrate. Seduced by travel and expat-aimed websites with alluring headlines about retiring to paradise on a shoestring, many US retirees leave their home country without educating themselves about essential financial matters. In the real...
Emigrating UK retirees warned over new trick on pension scammer sites
British retirees looking to emigrate are being warned pension fraudsters are lifting official scam alerts and inserting them in their web pages in an attempt to portray themselves as legitimate advisors. The warnings include a description of the bold twist in marketing employed by dodgy websites run by pension scammers. Scammers have hit...
Cold calling scammers get more time to con emigrating retirees
Financial fraudsters are stepping up their efforts to con would-be expats out of their pension savings as the UK government’s cold-calling silencing plan is put on the back burner. The British government’s promise to crack down on cold-calling by pension scammers has now been shelved for at least a year, due to ‘legal issues’...
How much do expats in UAE need to save to ensure a comfortable retirement
Given that most expats working in the UAE have chosen the job to ensure financial security, how much should be saved to make retirement all it should be? Relocating on assignment to the UAE is often seen as one way to ensure financial security in later life, but the trick is knowing exactly how much needs to be put by. Retirement isn’t a...
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...
Retirement savers set to lose millions due to over cautious fund placements
Workers saving for their retirement via workplace pensions may lose millions due to pension providers automatically choosing low-risk funds. Worrying new research has shown that almost all workers enrolled in workplace pension schemes are automatically rerouted to a default lifestyle fund once they approach their retirement age. A report...
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...
