June finished on a subdued note for many investors. Although most leading...
If you have worked in the UK and were a member of a pension scheme (personal or employer) that you have since lost track of, the government’s pension tracking service might be able to help you find it. Just follow this link. Please feel free to forward this post to any friends or colleagues who […]
If you are UK resident, even if you have a QROPS, you still have to purchase an annuity come pension time.
In a move that will affect many expat savers, National Savings & Investments (NS&I) has announced that it is cutting the Premium Bond prize fund rate to 1.3% from next month to reflect lower interest rates across the savings market. This 0.2% reduction means that if you hold Premium Bonds, the odds of each £1 […]
Benefits taken from a Gibraltar QROPS scheme are taxed at a flat 2.5% rate. This has made it a very favourable centre for QROPS structures. On the downside, Gibraltar has very few double taxation agreements (DTA) with other countries, meaning there is a risk that you will pay tax on the benefits twice (once in […]
The financial future of thousands of retired miners and their families was thrown into the balance a couple of days ago as Britain’s last coal company plunged into administration. As a result, more than 3,000 former miners will see their pension entitlements slashed by 10% under terms of a rescue deal from UK coal. The […]
Sterling has tumbled further as a result of last week’s guidance on interest rates from the Bank of England. By mid afternoon yesterday, it was down by almost 1% on the day at USD1.4822. This is the lowest level it has been at against the US Dollar since June 2010. Only a week ago, it […]
I have had expat clients investing in gold for the past 8 years. In that time, it has gone all the way from USD400 an ounce up to an all-time-high of USD1,950 in mid 2011 and back down to USD1,230 today. A large part of this rally was fueled by the financial crisis, where a […]
It may not be quite as strange as seeing a Brit standing victorious on the final day of Wimbledon but it still feels odd to learn the UK economy may not be faring as badly as had been feared. Barclay’s Capital has just raised its estimates for the country’s 2013 GDP growth and there are […]
Mark Colton, chairman of suspended EEA Life Settlements fund has written to investors after Ernst & Young (its own auditors) said that the fund was worth USD100 million less than the company had stated in the company’s annual update. In his letter, Colton hit back at Ernst & Young’s claims, saying that with regard to […]