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Expatriates failing to make most of savings

Nine out of 10 expatriates do not have offshore savings accounts, a survey by offshore savings bank Alliance & Leicester International has found.

The research shows that 82 per cent of expatriates hold savings in their host country, 56 per cent hold savings in the UK but only 10 per cent hold savings offshore.

When asked how they would choose an account, 54 per cent of expatriates said they would seek informa- tion on competitive offshore savings accounts from a financial adviser.

Forty-one per cent said they would talk to their existing UK bank, 40 per cent said they would look at financial websites and 30 per cent would consult financial magazines and newspapers.

Managing director Simon Hull says: “The message from this research is very clear. The vast majority of expatriates are not making the most of their savings and they are looking to their financial advisers to help them maximise the returns on their cash.”


Mason sets up marketing firm

Sharon Mason, previously marketing director of Momentum and then Origen, has left to set up her own “pay-as-you-go” marketing and PR company, SMUK Marketing.

Bank of Scotland International issues new bond

Bank of Scotland International is launching its new issue of its capital guarantee savings bond, offering investors up to 70 per cent growth.The capital guaranteed savings bond – issue 12 – is a three-year product requiring a minimum investment of 10,000, offering 100 per cent capital protection. The closing date is July 1, but early […]

Montpelier Group in Malaysian expansion

Montpelier Group is continuing to expand in the Far East by joining forces with Malaysia-based IFA Expatriate Financial Services.

Spring has sprung

Well, it’s been lovely to see a little bit of sunshine, even if it was only a brief appearance. I live in Scotland so, believe me, it was very brief.  Of course, with even the tiniest hint of spring, thoughts turn to the inevitable clearout that must take place.  And that got me to thinking […]


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