Expatriates failing to save

Intermediaries should be recommending offshore savings accounts to their expatriate clients as most fail to obtain these types of products when moving abroad, according to research by Alliance & Leicester. The research showed nearly a third of expatriates do not increase their savings rate when they move abroad, even though their living costs are reduced. Men were the more likely culprits of failing to save than women, with a third saying they have not managed to increase their savings compared with a quarter of women. One in six male expatriates did not save any money, compared with ju...