Brexit would prompt need for expat financial advice

A couple of years ago my Bank was taken over by La Caixa.  To be honest, this was one of the easiest changes I have had to deal with in Spain and therefore, in this regard I was lucky.  Especially as the previous bank took 6 months to assess a loan application I had made, to finally arrive at a negative answer. By the time I’d got that answer I’d already made 5 repayments to an obliging bank.  ‘Opeless.

We have seen many banks be swallowed up here in Spain since the crisis and I will remind you, the Spanish banking industry was seen as a fine example at the beginning of the crisis in 2008, because its purposeful structure should have prevented contagion (spreading or transfer of problems of a systemic nature).  Instead, individual institutions took the risk rather than having it spread throughout the industry and that is why some 7 years later we are still seeing takeovers of failed banking businesses. Time has dictated that maybe it wasn’t such a shining light.

Recently released research from AXA Global Healthcare has given a better idea of how living and working abroad has been of value to professional men and women.

The study, which was exclusively focused on people who’d moved as a result of work assignments, aimed to discover how taking on international roles impacted upon life.

Focusing on men and women separately, the results showed that 43 per cent of male respondents believed their international assignments had increased their value to employers by enabling to become regional experts.

Overall, 51 per cent of men felt that shifting their job overseas accelerated their career development, making this is a top benefit for professionals. Of female respondents 39 per cent, said the same.