A third of expatriates fail to increase savings when abroad

Intermediaries should be recommending offshore savings accounts to their expatriate clients as most ...

Intermediaries should be recommending offshore savings accounts to their expatriate clients as most fail to obtain such products when moving abroad, research by Alliance & Leicester has claimed. The analysis showed nearly a third of expatriates do not increase their savings rate when they move abroad, even though their living costs are typically 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 just o...