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Expat financial services could help arrest income decline

However, expats in other destinations would also be likely to benefit from solid expat financial services; the study reports that pensioners in Australia, New Zealand, Canada and North America are also facing difficult financial questions coupled at a time when they are coming to terms with declining income. In fact, only pensioners in South Africa and Jamaica have actually seen their income rise over the past decade.

The study was carried out by Equiniti Group which oversees the payment of more than 60,000 pensions.

“Expat pensioners are always at the behest of the currency exchange rollercoaster, but after a period of the pound strengthening, the retirement income that they received has dipped again for most,” commented Andy Brown, managing director at Equiniti International Payments.

It is clearly a critical time for British expats abroad and the value of solid and authoritative expat financial advice has never been clearer, whether it relates to QROPS or QNUPs transfers, wealth management or regular savings. As has always been the case, good timely advice has the potential to make a real difference.

This communication is for informational purposes only and is not intended to constitute, and should not be construed as, investment advice, investment recommendations or investment research. You should seek advice from a professional adviser before embarking on any financial planning activity. Whilst every effort has been made to ensure the information contained in this communication is correct, we are not responsible for any errors or omissions.

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New Governor Brings Confidence to Financial Management Industry

Cayman Island FlagThe Cayman Islands has a new governor following the announcement that Martyn Roper OBE, a career diplomat and corporate leadership veteran, has been appointed to the role. He takes over from Anwar Choudhury, who had recently faced a number of complaints regarding his conduct.

The move is largely thought to be positive step for financial management services in the Cayman Islands, as Roper has said he will make it a priority of his role to “listen and learn” from those around him.

Mr. Roper brings a wealth of experience to the job. He was most recently minister and deputy head of mission for the U.K. in Beijing, China, but has worked in other notable capacities, including as the UK Ambassador to Algeria, Deputy Head of Mission in Brasilia and, of particular interest to the financial management industry in the Cayman Islands, as First Secretary for Economics and Development with the Organisation for Economic Cooperation and Development (OECD) in Paris.

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