An international issue

Pensions are becoming an international issue, people come to this country to live and work and people leave to live and work in other countries. Pensions built up in this country can be paid abroad and vice versa. In the House of Commons recently it was confirmed by Angela Eagle, the pensions minister, that as of February 2009, there were 1,126,000 individuals who were paid a UK state pension outside the UK1 and unfortunately the rise of the value of the Euro against Sterling has meant that the average income for a UK pensioner in the European Union (EU) has fallen by nearly £250 in the ...