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Financial

Financial > Expat Focus

Expat Focus

Expat Focus Financial Update February 2018




Global HNWIs Leave UK For Australia And US

The UK may be losing its traditional position as a leading destination for High Net-Worth Individuals (HNWIs), with more ultra-wealthy people heading to the US and Australia, says a new report.

Research from New World Wealth reports that last year, the UK saw more HNWIs leaving the country than arriving for the first time.    more ...


Financial > FC Exchange

FC Exchange

How To Navigate Brexit When Sending Money Abroad

Will Hewitson, FC Exchange

Will Hewitson, FC Exchange

Brexit is in and out of the headlines and the pound has been swinging up and down like a yo-yo as a result. By late January the pound to US dollar (GBP/USD) exchange rate had broken through some key psychological barriers and was trending in the region of 1.43. However, Brexit struck again and papers reported Theresa May’s situation becoming more unstable amid a split in the Conservative Party and leaked reports showed Britain will be far worse off after the divorce. The pound sank to around 1.39 in just a few trading sessions during the final few days of the month, before bouncing higher again.    more ...


Financial > Expat Focus

Expat Focus

Expat Focus Financial Update January 2018




Most expensive places for expats revealed

An annual cost of living index which reveals the most expensive places for expats to live in has been revealed by Numbeo.com. Their figures for 2018 reveal that Hamilton in Bermuda is the most expensive location overall for expats.    more ...


Financial > FC Exchange

FC Exchange

Top Tips for Buying a Property Overseas in 2018

Will Hewitson, FC Exchange

Will Hewitson, FC Exchange

Maybe you’re planning on buying a holiday home now, to retire to in the years to come, or maybe you’re just upping sticks for a life somewhere new. Whatever your reason, if you’re looking to invest in a property overseas in the New Year, there’s lots to think about – not only have you got to decide your location, pick a place you like, and consider removals, you’ve also got to move your money abroad, consider how you’ll make regular overseas payments for mortgages, pensions, property upkeep, or other commitments at home, and try and make the most of your funds in the process.    more ...


Financial > Expat Focus

Expat Focus

Expat Focus Financial Update December 2017




Expat Pensioners Suffer Brexit Blow

Most UK expat pensioners are now having to live off an income that is worth 20% less than it was in the Christmas before the Brexit referendum. The findings come from Equiniti, which handles pension payments for more than 60,000 expat pensioners, most of whom are receiving their pensions in the Eurozone.    more ...


Financial > FC Exchange

FC Exchange

World Events And Currency: Why Politics Affect An Exchange Rate

Will Hewitson, FC Exchange

Will Hewitson, FC Exchange

Have you ever wondered why the pound fell after the UK Brexit referendum or snap election? Considered why you get more euros for your money when there’s an uprising of populist parties in the currency bloc? Or found that your dream home abroad was cheaper one month when there was some political uncertainty in your chosen country? Political unrest is tricky as no one can predict what might happen to a country. If you’re living in the UK, headlines claiming the pound has fallen or risen on Brexit developments are commonplace, whereas if you’re based elsewhere you might find developments in Europe or geopolitical tensions with North Korea might impact your domestic currency and the one you want to buy.    more ...


Financial > Expat Focus

Expat Focus

Expat Focus Financial Update November 2017




Growth In Expat Buy To Let Mortgages

Growing numbers of British expats looking for a buy to let mortgages has led to a new high in demand, says one firm.

Research from Liquid Expat Mortgages reveals that over the past year demand has soared, with enquiries for UK buy to let mortgages increasing by 90 percent. This is despite stricter stress-testing regulations introduced by the Prudential Regulation Authority, which is part of the Bank of England. However, thanks to a weak pound, the UK's property market is an attractive investment opportunity for many expats. The firm says that most enquiries are from expats in the UAE, who account for 30 percent of the total, with 15 percent coming from Hong Kong and 10 percent from Singapore.    more ...


Financial > Expat Focus

Expat Focus

What Might Brexit Mean For Expat Finances?




It's still too early to tell for sure what the ramifications for either a ‘hard’ or a ‘soft’ Brexit might be, since there are other issues to consider, such as:

• The steadily weakening pound
• Uncertainty over pension entitlements
• Interest rates that are below the rate of inflation.    more ...


Financial > FC Exchange

FC Exchange

Halloween Traditions in Countries Across the World

Will Hewitson, FC Exchange

Will Hewitson, FC Exchange

If you’re new to another country or are looking to move abroad, you might be interested to find out what kind of Halloween celebrations you can look forward to enjoying. While some countries have festivals that can last several days, others celebrate this time of year in a very different way, and some barely acknowledge the event at all. We looked at some of the popular expat destinations to see what you might expect.    more ...


Financial > Expat Focus

Expat Focus

Expat Focus Financial Update October 2017




Brexit Could Void Expat Pensions

The UK's chancellor of the exchequer, Philip Hammond, has been warned that British expats face losing their pensions and having their insurance voided as a result of Brexit. This is because insurance and pension firms based in the UK may be barred from taking money from EU customers unless the issue of contracts is addressed in negotiations.    more ...