January 2020

Brexit and pensions: everything you need to know

Retirement savers will have to keep an eye on state pension payouts, the value of the pound and consumer protections now the country’s exit from the European Union is imminent. After one of the most stunning political turnarounds in history, Brexit now looks almost certain to happen on Jan 31. But the question on most people’s minds will be what it all means for them and their money. Pensions will be affected in a number of ways and, like all things when it comes...

October 2019

UK government writes to British expats but pension freeze risk remains

The UK government is writing to more than 363,000 British expats who retired and now live in the EU to reassure them that their state pensions will still increase in the event of a no-deal Brexit. However, that guarantee is only valid for three years. The Department for Work and Pensions (DWP) is sending out letters outlining that even in the event of a no deal Brexit, pensions for those in the EU will be uprated for a further 3 years...

September 2019

UK Expat pensioners advised to protect healthcare rights prior to Brexit

Over 3 years after the referendum the NHS anticipates problems in the 6 months following Brexit With the political scene in London appearing to be entering further turmoil following the Supreme Court’s ruling that Boris Johnson’s prorogation of parliament was unlawful, there have at last been furtherrecommendations this week from Her Majesty’s Government regarding how expats in Spain and the rest of the EU, particularly pensioners, should prepare to protect their healthcare rights in the event of a no-deal...

UK. Pensions and healthcare at risk from no-deal Brexit

The financial advisory firm’s CEO, Nigel Green, warned that pension providers could lose the automatic right to make payments into European-based banks under no deal. These seamless transactions are currently possible thanks to a system known as ‘passporting’, a reciprocal arrangement of EU laws that allow payments across borders. Hundreds of thousands of pensioners could see this disrupted or completely stopped overnight, according to Green, who accused Boris Johnson of not even trying to get a deal. “The end...