euro

Expat British pensioners and baby boomers are homeward bound to blighty

by Ray Clancy on April 11, 2011

Euro to sterling issues

Older British expats living in Europe have potentially lost out on over €3 billion on pension transfers over the last two years and are now returning according to figures from a currency specialist.

Over half, some 56%, of Brits aged over 55 are sending money back to the UK, indicating that that those who retired abroad are feeling the strain of the economic downturn, selling up permanently and returning all their assets to the UK, a study from HiFX claims. [click to continue…]

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