Expat pensioners lose $647.6 million a year on poor exchange rates

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Thursday 26, April 2012 by Isla MacFarlane

Expat pensioners lose $647.6 million a year on poor exchange rates

Leading personal finance experts are again urging British retirees who live overseas and collect a UK pension to “seriously consider” transferring their retirement funds out of Britain and into an HMRC-recognised scheme, after it was revealed that they are losing up to GBP 400 million ($647.6 million) each year due to poor exchange rates.

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