Expats risk ending their days in financial hardship

Expatriate Britons living abroad need to keep a very close eye on their investments – or risk a severely compromised retirement.

As more and more older Britons return to the UK because they have effectively run out of capital to sustain them abroad.

Online investment funds analyst, Moneyspider.com warns that regular portfolio health checks are vital to make sure expat investments are on track.

Toney Ahearne of Moneyspider.com, said: “Some of the best known fund managers have some of the worst performing funds but how do expats distinguish between the good, the bad and the ugly?

“The recent round of market volatility is an uncomfortable reminder of just how crucial it is to monitor stock market based investments, including ISAs, PEPs, Unit Trusts and OEICS.” While Britons currently living abroad are best known to be keen investors, too many are kept in the dark by the managers who run their investment funds. When was the last time a fund manager disclosed that a fund in his stable of funds underperformed all his peers?

Ahearne said: “It’s important to be aware of the fact that some of the best performing funds are from the least well-known fund managers.”