Week In Expat Money Matters February 4, 2013 to February 8, 2013


Below is what happened in a week in Expats Finances, as reported on iExpats and from other places across the web.

From iExpats.com:

  • FSA Cracks Down On Unregulated UCIS Investments
    The UK’s financial watchdog has announced advisors recommending clients invest in unregulated collective investment schemes (UCIS) for their self-invested personal pension (SIPP) may face an investigation.
  • QROPS Providers and the New Pension Rules
    QROPS Providers need to be aware of new pension laws that powers to stamp out pension unlocking schemes and transfers to rogue Qualifying Recognised Overseas Pension Schemes (QROPS).
  • Protecting Assets While Looking For Income
    Investors will have to be more resourceful this year, according to one financial firm, because they will have to contend with low growth and low inflation hitting their assets.
  • Italy Joins Global Tax Evasion Crackdown
    The Italian government has announced a major drive to clampdown on taxpayers who hide their assets offshore – in a country where evading the taxman is a national sport.
  • Bahamas Trusts Hauled In To FATCA Tax Net
    A move by the US government to crack down on foreign financial institutions (FFIs) holding accounts for American taxpayers has forced the government in the Bahamas to look at the status of thousands of trusts
  • Currency Burgernomics
    Burgernomics is a fun comparison that looks at whether a country’s currency is under or overvalued.
  • How Expats Can Earn More From Currency
    For expats living and working abroad there is an issue when it comes to being paid in Pounds Sterling and that’s when it comes to transferring their money into another currency.

Financial News From Around The Web

Adele earns £41,000 a day and has amassed a £15m fortune – The Sun

Steep drop in oil imports shrinks US trade deficit – The Seattle Times

China plans tax reforms to tackle wealth gap – Accountancy Live

The most-held stocks among UK Equity Income managers – Trust Net

Is Apple the World’s Best Value Stock?  – Forbes

IRS delays issuing tax refunds; fiscal cliff to blame? – Los Angeles Times

What Are the Two Hottest Precious Metals? Hint: Gold Isn’t One of Them – Market Oracle

Jersey arm of Abu Dhabi Nat’l Bank launches new style expat pension plan – International Adviser

Free FATCA Guide for Our Readers


iExpats.com expert writers have created a simple guide to FATCA

Expat Guide to Understanding the Foreign Account Tax Compliance Act and ways to optimize your liability. A no-nonsense guide that will introduce investment and tax planning options and talk through the pros and cons. Download the free guide by following the link below

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