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Can my UK Financial Adviser still look after me?

It is quite common for those retiring and relocating to Cyprus to retain the services of their financial adviser in the UK due to an existing relationship that they have. The reality however is that receiving financial advice whilst living in the UK is very different to the advice you need when you have moved abroad and UK advisers will not typically have the ‘local’ knowledge that you now need in Cyprus. Financial advice is not just about investments, it is being able to advise on an individual’s circumstances and having the tax and residency knowledge is crucial before you can even discuss investment planning.

UK firms have become more and more reluctant to advise overseas clients for the above reason and now, with Brexit looming, this may well force them to have to cease their relationships with Cyprus residents anyway.

This does not however mean that you will be left out in the cold. Instead, you should look to source an adviser who is regulated in the EU. I always encourage new clients to speak to more than one firm as it important that you feel comfortable with your new adviser and what he or she can do for you.  

We have been advising expats for over 30 years in countries across the EU and have a wealth of ‘local knowledge’ as well as international experience to ensure your financial planning requirements are properly addressed. I have personally been helping expats on the island for over 12 years. Another plus is that we also have a UK regulated business which means that should you ever decide to return to the UK then we can continue to help you. All in all, we have the solutions to help anyone concerned about the impact Brexit may or may not have.

Other News

Dividend Aristocrats

The Dividend Aristocrats are S&P 500 constituents that have increased their dividend payouts for 25 consecutive years.

The FTSE also has its own Aristocrats which many people who read this article will recognise and even have in their own portfolios, some of the dividend returns can make very interesting reading:

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Sweden offering expats one of the best work-life balances worldwide

Stockholm WaterfrontIn the UK, the first week of October is National Work-Life Week, which encourages employers and employees to look at how they can improve their well-being at work and strike a healthier balance between family life and their job. The aim is to help reduce stress among a company’s workforce by offering more flexible ways of working, allowing workers to have time for other priorities in their life.

Of course, it’s not just in the UK where this is an important issue. Many workforces worldwide could do with a better work-life balance, and if you are soon to be moving to another country for work, it’s likely you’ll be wondering what the work culture is like. After all, spending long hours at your workplace without much else to do in your free time may mean you miss out on some of the best aspects of moving to a new country, such as forming a new circle of friends. And too much neglect of your personal life may end up affecting your emotional well-being and this is often one of the main stress factors expats have to deal with.

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