Contact

News & Insights

Expat Financial Advice Crucial During Brexit Critical Phase

The survey included British residents of some of the most popular expat destinations, including Portugal, France, Germany and Spain. It found that more than half of British expats were concerned about their citizenship rights post-Brexit; it is also likely that many people may be motivated to seek citizenship because of concerns regarding their expat pensions and the provision of expat financial services post-Brexit.

Expat financial fears?

Of the survey respondents, 25 percent said they were making financial plans for a post-Brexit economic slump and were investigating the possibility of strategies such as moving their money out of the UK, selling UK assets or making an expat pension transfer.

In fact, 14 percent of respondents said they were already transferring to a new retirement plan, while the same number said they were switching to lower risk investment funds.

“Expats tend to be at the leading edge of the intersection between personal finance and current events, and their behaviour is a barometer for bigger trends and changes,” commented Paul Byrne, CEO of CurrencyFair.

He added that the research indicates Brexit could be forcing expats to seek citizenship abroad which they might not have done before the referendum. *

Expat financial advice crucial at critical times

Brexit should be no cause for panic. Impulsive or panic-driven financial decisions based on uncertainties created by political or economic events tend to be among the very worst that people can make.

Whatever the shape of Brexit and the deal we come away with, there is no substitute for experienced, regulated and licensed expat financial advice and the discipline these things impart.

Blacktower Financial Management has an intricate and practical knowledge of EU and UK law together with the various regulatory systems and controls which exist in other jurisdictions. We are able to access the most respected and established banks, the most experienced fund management solutions and can provide a number of tax efficient investment solutions.

Furthermore, because our financial products are based in locations such as Gibraltar, Luxembourg, Malta, and Ireland, our clients can remain confident of their prospects even under a no-deal Brexit.

Whatever the future may hold, we will continue to serve our clients. If you would like expat financial advice from our specialists, please contact us today.

*All figures are taken from CurrencyFair/YouGov survey: https://www.currencyfair.com/blog/the-brexit-breakup-yougov-survey Accessed 11-07-19

Related News

What are the government stimulus packages and what do they actually mean?

Keith LittlewoodDuring these unprecedented times the Corona Virus pandemic has impacted so many lives in so many ways.  The fact that every country in the world is affected and having to take measure to help support their economy will have such profound long-term consequences that governments are forced to take actions never before seen.  You have probably seen the headlines: Australia pumping $66Billion into their economy, Spain €200 Billion, UK £500 Billion, USA $2Trillion, the list goes on.

Read More

“Quick” divorces – new legislation in Italy

“Quick” divorces – new legislation in Italy

Under a new law in Italy, a couple can now lodge a petition for divorce 6 months after the decree of separation if the separation was “consensual” (both parties were in agreement as to the terms of the separation agreement) or 12 months if the separation was “judicial” (the parties were not in agreement and a Judge was called upon to make a decision upon the terms of the separation).

This new law applies to all couples, regardless of whether they have minor children, and can be applied retrospectively to couples who have already been granted a legal separation.

Read More

Select your country

Please select your country of residence so we can provide you with the most relevant information:

You are currently viewing the Blacktower Financial Management EU website.

You may be looking for the Blacktower United States website.

Blacktower United States > X Stay on this site

Or choose your country.