Expats Still Face UK Account Closures Expats in the European Union are still facing difficulties with their UK bank accounts, with some reporting closures without warning. Despite assurances from banks that they would not be targeting customers living in other EU countries, many people are still experiencing problems. This could have a significant impact on…
Following the recent news of UK banks closing off services in EEA, the FCA announced last week that passporting rights will end for all UK firms, effective 31st December 2020.
But British expats are not sure whether countries in the EU have the authority to do that! A notion further strengthened by the fact that Switzerland, Scandinavia, along with 27 other countries are trying to identify the best way to handle their British expats.
Canada Life admits unawareness regarding any insurance provider offering annuities to non-residents
News over a Brexit deal or no deal has been dominating headlines for quite some time and has been spreading worry and concerns for many UK expats who have decided to expatriate themselves overseas for a better lifestyle or retirement.
Final salary pensions also known as defined benefit schemes have been the talking point over recent years due to over 75% of them being underfunded. This means they don’t have enough money to pay retirees their pensions.
Little is known about the agenda for Theresa May’s policies. With the unknown always comes concern, especially when many British Expats feel disheartened with the vote to leave EU.