Financial advisers may be missing a business opportunity, suggests Alliance and Leicester International, as few expatriates save money once they leave the UK despite improved financial positions.
According to tickbox.net research commissioned by ALIL, “expatitis” has emerged across Europe and individual expatriates are expanding their lifestyles “to fill their means”, particularly among people relocated to Spain, men and those in their late 40s. Further analysis of the study – questioning 600 people – reveals once they leave the UK, three out of 10 expatriates do not increase the amount they save, despite their improved cost of living and tax benefits, while one in eight save nothing at all. ALIL believes financial intermediaries could cure this “expatitis” by highlighting sav...
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