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Patricia Smith

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I focus predominantly on the financial industry of the UK, despite living in Shanghai. I have been a finance commentator for 18 years now and have an MBA from the London School of Economics. I have contributed to Asian publications such including Guangming Daily, International Business Ties and Beijing Daily. In my private time I cook wonderful meals for my husband who appreciates my efforts.
pension

Is Consolidating Pensions Worth The Bother?

British workers move jobs an average 11 times during their working lives and often leave a small pension pot behind. The chances are these are likely to be defined contribution pensions that come without any...

Taxi Drivers And B&B Owners Are Worst Tax Evaders

If you pay your taxes in full and on time, you will be horrified to know that one in five taxpayers deliberately lie about how much they earn. New research points the finger at the...

Binary Options Banned As Regulators Fear Scams

Consumer watchdogs have placed a permanent ban on gambling on binary options in the UK. The Financial Conduct Authority ban starts from April 2, 2019 and applies to anyone selling, marketing or distributing binary options...

Shopping For A Bargain Can Cost More Than Buying New

Buying a bargain because the cost is cheaper than buying new has proved a false economy for thousands of shoppers. One in three consumers regret not shelling out a few extra pounds to buy new,...

Fraudster Treated Charity Pension As A Personal Piggy Bank

Pension trustee Roger Bessent boosted his own finances by treating other people’s retirement savings as his personal piggy bank, a court heard. Bessent siphoned nearly £300,000 from pensions he was running to fund his business...

How Will Brexit Impact UK Inflation and Growth

While inflation in the UK has generally been higher than in European countries that make up the Euro-zone, due primarily to more buoyant economic conditions since 2011, it has always been associated with higher...

What’s Happened In The Latest Brexit Talks?

After another week of those seemingly endless Brexit negotiations, what has happened? Despite the smiles and approving noises coming out of London and Brussels, the answer seems to be nothing has changed. Neither side has given...

No Instant Solution For Compensation, PPF Pensioners Told

Retirement savers expecting a cash windfall after the level of benefits paid by the Pension Protection Fund were ruled unlawful can expect to wait for their money. Last month, the European Court of Justice decided...

Living Longer And Low Interest Rates Worry Over 50s

The over 50s are plagued with worries about their finances in retirement, according to a new report. The main causes for their concerns are how much money they need because they do not know how...

Women With A Mistrust Of Saving Lose Out On Pensions

Young women are still more likely to end up with a significantly smaller pension than their male colleagues because of barriers that stop them investing. Even women who save according to auto-enrolment guidance issued by...

Do Your Homework Before Buying A Place In The Sun

It’s important to do your home work when buying a property overseas as a second homer or an expat. You need to sort out your finances well in advance of putting an offer in on...

El Petro Cryptocurrency Figures Just Don’t Add Up

The numbers just don’t add up in the first state-backed cryptocurrency offering. Venezuela launched El Petro amid a blaze of publicity with President Nicolas Maduro claiming that the venture raised $5 billion for the cash-strapped...

Pension Deficits Improve But Still Languish In Red

The see-saw deficits of Britain’s workplace pensions have improved so far in 2017 – but are still worryingly in the red for retirement savers. The latest figures from pension experts PwC’s Skyval Index show that...

Bitcoin Gravy Train Has Hit The Buffers

The cryptocurrency gravy chain that saw so many investors make huge profits from soaring investment values seems to have hit the buffers. All the major cryptocurrencies other than Ethereum are trading down and have a...

New QROPS Code On The Way From Pension Watchdog

Moves to clean up Qualifying Recognised Overseas Pension Schemes for expats is missing the mark, according to critics. The aim is to stop fraudsters stealing pension cash by making more checks into the people behind...

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