Expat Focus Financial Update 22 August 2016


Financial - Expat Focus

World's most expensive city for expats revealed

London is no longer the most expensive city for expats. This title has now been claimed by New York, closely followed by Hong Kong.

That's the verdict from property consultancy Savills, which analysed how much it costs an employee to work in an office and rent a home for one year.   more ...

  Five Questions You Must Ask Your Expat Financial Adviser


Financial - Expat Focus

Many expats choose to move abroad to earn more money and save for an enjoyable retirement; at some point they will therefore need to speak with an expat financial adviser.

However, this is easier said than done since most expats do not have extensive financial experience and will need to rely on recommendations or advertisements in their local media.   more ...

  Expat Focus Financial Update 15 August 2016


Financial - Expat Focus

Expats rate the best countries for weather

Among the many reasons for moving overseas to live and work is to enjoy a better climate; a new survey reveals which are the best countries for expats looking for this.

The survey was conducted by expat network InterNations who asked 14,000 expats who live in 195 countries what they thought about their current weather.   more ...

  Charles Schwab Announces Account Closures For US Citizens In Five Countries, More Expected


Financial - Tom Zachystal

Over the last few years I have written a number of articles on why US brokerage firms are closing accounts for American citizens living outside the USA and how we help those affected address the situation. It seems the severity of this issue is increasing.

Recently Charles Schwab, which up until now was pretty good at accommodating US expats, has sent letters to US citizens living in New Zealand, Dominican Republic, United Arab Emirates, South Africa, and South Korea saying that by the end of August their accounts will be frozen in the sense that they will only be able to liquidate investments but not re-invest the proceeds.   more ...

  Common Expat Investment Scams And How To Avoid Them


Financial - Expat Focus

Investment firm AES International issued a warning to British expats living in Spain to be wary of potential financial fraud after scammers targeted them because Brit savers now have access to their pension pots at the age of 55.

The firm's head of pensions, James McLeod, said: “There are many unregulated and unqualified advisers working in Spain who see the pension eligibility rules as an opportunity for swindling hard-working people out of their life savings.”   more ...

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