Friday, October 18, 2019
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Retirement

Featuring the latest retirement news, these articles show you how to make the most out of your pension, and provide information on retirement planning, pension transfers, QROPS, QNUPS and SIPPS.
This market is volatile – and our team of experts can help you understand the factors at play by stripping away the opinions and reporting the solid facts.
We’ll keep you up to date with the latest legislation, how to claim pensions when you are overseas, and any changes to British pension rules.
To compliment this offering, we also look at the latest expat lifestyle trends – so you stay informed of the latest news and developments – wherever you are in the world.

Thousands of retirement savers are confused about the pension options they have when they reach 55 years old. Pension freedom rules which let savers take money from their funds as they like are complicated - and some of the technical questions can leave financial advisers scratching their heads. Prudential, one of...
Labour leader Jeremy Corbyn has taken up the fight of state pension unfairness towards British expats. His party has few days to mount a campaign and win a vote in the House of Commons to extend uprating to all expat state pensions. The race is against MPs leaving Westminster for the...
As inflation in Britain and across Europe ticks up and the Pound weakens, expats on flat retirement incomes can see their spending power dropping away. Although the changes are small and largely accounted for by higher air fares and paying more at the pumps for fuel, more increases in the...
Someone always wants to get rich quick the easy way – and financial experts are warning pension liberation scammers have invented new tactics to try and fleece retirement savers. Pension liberation firms focus on greed by offering pension savers what seems the answer to their dreams. That dream is usually more...
Your retirement income may be in danger if you have a final salary pension as a financial black hole threatens to keep swallowing cash. Although many employer pensions are flush with funds and making good investment returns, concerns are rife about some others that are billions of pounds in the...
Around 420,000 annuities are sold each year in the UK, yet after an extensive review UK watchdog the Financial Conduct Authority (FCA) has concluded that the market is not working for consumers. Annuities turn pension pots into income during retirement, but as noted by Martin Wheatley, the FCA's chief executive,...
New regulations for managing Qualifying Recognised Overseas Pension Schemes (QROPS) that have ceased but still hold funds for members have been published by HM Revenue & Customs (HMRC). The proposals introduce new reporting requirements for scheme managers – although the draft guidance is under consultation and no start date for...
Retirement saving experts found that too many pension savers who do not consult a financial adviser have their money in cash. Around a third make this mistake, says the Financial Conduct Authority, which could cost them a third of the income they could make over 20 years of saving. Leading pension...
Changes to the Qualifying Recognised Overseas Pension Scheme (QROPS) are highlighting the need for retirement savers to take professional advice when moving UK pensions offshore. Arguably, new tax and pension rules moderating the offshore pensions for expats are the biggest shake-up in the market since QROPS were introduced more...
Expats need to watch out for wrong advice about transferring their UK pension funds into a Qualifying Recognised Overseas Pension Scheme (QROPS). QROPS are specialist overseas pension funds that can have tax and investment advantages for anyone with a UK pension who now lives permanently overseas. But there are some restrictions...
Despite a constant barrage of advice from the government and pension providers, close to a fifth of people are failing to save any money towards funding their retirement. Instead of saving from as young an age as possible, retirement savers believe they can afford to put off starting a pension...
HM Revenue and Customs (HMRC) is closing the online reporting service for the Qualifying Recognised Overseas Pension Scheme (QROPS) from April – but retirement savers need not worry too much about the change. Shutting the online service is a technical issue for the people who run QROPS overseas pensions and...
Sales of annuities are plunging as retirement savers delay making pension decisions pending next year’s wholesale reform of the market. The number of annuities bought by retirement savers dropped by 56% in the third quarter of 2014 compared to the same period last year. Not only did the number of annuities...
Freedom of going where you want, when you want is one of the main reasons for making the expat lifestyle choice for many. The notion is romantic, because in many cases, finances and taxes tie people to living in one place. Banks don’t like cross-border dealings, so credit cards, bank accounts...
Millennials around the world need to wake up to working and living longer and to shake off unrealistic dreams of retirement, says a new study. Only 10% plan to work beyond the age of 65, according to Shifting Sands, a retirement report from HSBC Bank. Millennials – 19 to 36 year...