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Expats in India are top savers

Expatriates in India are saving or investing more than expats in any other country, says HSBC Bank International.

Its expat explorer survey shows 82 per cent of Indian-based expats are saving or investing more of their income in their new country of residence.

United Arab Emirates and Singapore also feature highly, with 78 and 76 per cent of expats saving or investing more in their new country of residence.

Expats in FRance are the least thrifty, with only 31 per cent allocating more money to savings and investments. Fifty-six per cent of expats living in the UK invest or save more of their income than previously.

Hong Kong-based expats have the highest pay of those polled, with 49 per cent earning more than 100,000 a year. Spain has the lowest number of expats in this earnings’ brac- ket, with only 9 per cent earning more than 100,000.

Deputy chief executive Aaron Le Cornu says: “There will be a continuing number of people who look to become an expat and maximise earnings.”


St. James’s Place sees profits slow

St.James Place says it still expects long-term growth targets for new business to stay at 15 to 20 per cent per annum despite a 5 per cent loss in group operating profits.

Wrap to take 60 percent of business

Nucleus chief executive David Ferguson predicts that over 60 per cent of life, pension and investment business will be transacted on platforms by 2012.


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