Financial News Articles

If You Were Scammed, You Might Be In For A Refund

Expats are among the thousands of fraud victims who may have a chance of getting their money back after wire transfer firm Western Union settled a multi-million-dollar court case. Western Union is an international money transfer network that has admitted money laundering and other criminal offences. To settle the case, Western Union paid the … [Read more...]

Rich Are Getting Richer, While Poor Live In Poverty

More than 80% of entire global wealth is controlled by the richest 1% of the population, according to a report by charity Oxfam. And while billionaires continue to get richer, the 3.7 billion people making up the poorest half of the world’s population saw no improvement in their finances. The study Reward Work, Not Wealth, argues that the … [Read more...]

Private School Fees In A Class Of Their Own

Britain's private school fees are racing up at almost four times the rate of inflation and average earnings. Expats with children receiving a private education have seen the cost spiral by 21% in five years. Someone on an average UK gross salary of £35,148 a year needs to hand over 39% of their earnings to pay the day fees of £13,000 for one … [Read more...]

War Of Words As US And Turkey Suspend Visas

US Secretary of State Rex Tillerson may have praised Turkey as a partner of America in the fight against terror but his words do not seem to reflect the true nature of the relationship between the countries. Turkey is a key member of NATO, sitting strategically facing Russia across the Black Sea, having borders with the former Soviet empire … [Read more...]

New Visa Rules For Expats Working In China

The Chinese government is readying a new visa system for expats from November 1. The three-tier process will be trialled in the capital Beijing, Tianjin and Shanghai; the provinces of Hebei, Anhui, Shandong, Guangdong, Sichuan and the Ningxia Hui Autonomous Region. If the trial is successful, the visas will roll out to the rest of the country … [Read more...]

Don’t Read Too Much Into Our Forecasts, Says Watchdog

Britain’s newest financial navel gazer is urging politicians and businesses not to make important decisions based on economic forecasts as they are rarely accurate. Although Sir Charlie Bean is taking over one of the top jobs at the independent Office of Budget Responsibility (OBR), he claims predicting the future comes with a ‘wide range of … [Read more...]

Don’t Worry About Brexit, Expats In EU And UK Told

British expats in the European Union have no reason to worry about their rights as a result of the Brexit referendum, according to a government statement. The Home Office has confirmed that nothing has changed for British expats in Europe nor EU expats in the UK as a result of the leave vote. The statement also explains that Britain remains a … [Read more...]

15 Web Sites Giving Support To Expats

It’s easy to feel isolated as a new expat moving to a foreign country, but plenty of online support and advice is available if you know where to look. Facebook and Twitter both have social media channels for expats, but anyone looking for more personal or local advice can turn to a number of specialist web sites run by expats for expats. For … [Read more...]

10 Reasons Why Expats Should Look At Thailand QROPS

Thailand Qualifying Recognised Overseas Pension Schemes (QROPS) are an easy way to increase spending power in retirement for expats. Even with the low cost of living in Bangkok and the rest of Thailand, a QROPS can make a lot of financial sense to British expats who have retired to the beautiful tropical country. Many expats overlook … [Read more...]

What The New Flexible Pensions Rules Mean To You

Chancellor George Osborne has revealed the nuts-and-bolts of how the new flexible pension rules will work for retirement savers. The sweeping measures will go before Parliament in a new Taxation of Pensions Bill which is expected to become law in time for the new rules to start from April 6, 2015. This is how his proposals will affect pension … [Read more...]