How / why did you get into your line of work in the financial services sector? My career in financial services began in 1996, practically right out of university in the area of insurance sales. It wasn’t my first choice, really, but my Dad encouraged me, he being in insurance brokerage. At first, I dreaded […]
How / why did you get into your line of work in the financial services sector? I saw the impact of what not having life insurance does to a family. It made sense to me to become a financial adviser as this occupation had come up a few times at career meetings. I always wanted […]
Whilst moving house or changing job it can be easy to forget about your pension – there are usually more pressing things to worry about. Settling into your new role or new home takes priority over informing your pension provider of your change in address or finding the documentation required to keep your pension plan […]
Choosing a financial advisor can be a somewhat overwhelming and intimidating process. The vast selection of companies, services and advisors available can result in anxiety over choosing with whom to trust your finances. Making the right choice is important to ensure you are equipped with the correct expertise and long-term financial protection, but also, perhaps […]
Millions of employees work tirelessly for decades in the expectation of a comfortable retirement in the future. But for many UK residents retirement is an event to be feared due to lack of savings and pension. It’s important to find the balance for comfortable retirement savings.
To help you understand how much is needed, we at Blacktower Financial Management have revealed how much to save for retirement, how much you should be saving for retirement each month, and top tips that map out the best way to save for retirement.
If you plan on living out your retirement years without worrying about finances, ensuring you have sufficient retirement savings is a must.
Located at the Southern tip of the Iberian Peninsula, the British overseas territory of Gibraltar looks South over the confluence of the Mediterranean Sea and the Atlantic Ocean. This small but strategically important isthmus of land, is home to over 32,000 people in just 6.7 km2 (2.6 miles2) of land. As a British crown dependency, the laws and language are those of the United Kingdom, but Spanish is also widely spoken along with the hybridised form of the two known as Llanito. Due to its location and close links with the UK, Gibraltar has long been a favoured destination by British expats looking for sunnier climes and an attractive tax regime. Although it’s not quite as well-known as some other offshore territories such as Monaco and the Cayman Islands, Gibraltar tax rates make it a very attractive choice for anyone looking to relocate within easy striking distance of the UK and Western Europe.
How / why did you get into your line of work in the financial services sector?
I’ll hold my hands up and say I was something of an… unlikely candidate for a brokerage at face value, with a diverse back-catalogue of PR clients from sparkling wine and mobile payment apps, to granola and bingo – plus, something of a cavalier attitude towards my pension, for which even the most benevolent financial adviser would send me to the naughty step.
Brexit has led to many unintended consequences surrounding financial services for UK expats living abroad. The main one being that most UK financial advisers will not now be able to advise or manage their clients UK financial products such as pensions and investments whilst their clients are living in the EU. Now the latest hurdle UK financial advisers are facing is Professional Indemnity Insurance (PII) which will not extend to UK expats resident in the EU.
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