Symbolic for retiree with minimum pension

Annuity Schemes, is More Transparency Required?

The Financial Services Consumer Panel (FSCP) has urged for changes in how pension annuity schemes are sold, describing the industry as dysfunctional and criticising it for being full of hidden commissions. The FSCP stated that pensioners choosing to invest in annuity schemes with insurers that they already posses a pension plan with could be missing…

Illuminated Cityscape at Night, Caracas, Venezuela

Survey Reveals Most Expensive Cities for Expat Staff

A recent study from ECA International has revealed the most expensive cities in the world for staff relocated across the globe, based on the cost of living and the price of basic/essential goods. The biggest shock is that Tokyo has fallen from the number 1 spot in 2012 to number 10 in this year’s survey,…

Could South Korean Ties Mean Opportunities for British Expats?

It’s not a typical Asian destination for expats, yet our strengthening economic ties with South Korea are making it a more attractive proposition for Brits heading abroad. The growing relationship between nations is driving the appeal of South Korea as an expat destination and the likelihood of Britons making it yet another retirement or relocation…

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Prince Charles warns of a “miserable future” if the pensions industry doesn’t think long-term

Earlier this week the Prince of Wales warned a National Association of Pension Funds’ (NAPF) conference that their current emphasis on short term investing risked selling our children’s future away. Citing research undertaken by Harvard and London Business Schools, the prince argued that businesses which were willing to improve their attitude to environmental and social…

Call for UAE to allow expatriates to apply for citizenship

In a Dubai daily, influential commentator Sultan Sooud al-Qassemi suggested that long-time expatriates who have made great contributions to society could be considered for citizenship in the UAE. “Perhaps it is time to consider a path to citizenship … that will open the door to entrepreneurs, scientists, academics and other hardworking individuals who have come…

The state of UK frozen pensions

The case of UK frozen pensions may be heating up as two Tory backbench MPs plan to bring an amendment to the Pensions Bill. Currently, UK expat pensioners residing outside of the UK or within the Commonwealth have had their pensions frozen since their payment, with UK inflation rates not applying to their only source…