Insights

british-pensioners-saving
July 28, 2016 Pensions
Pensioners save half as much as they need for retirement

  British pensioners are only saving half as much as they should build a cash pile to generate the money they need to fund a comfortable retirement. Over the 50s were quizzed about how much annual income would fund different levels of retirement lifestyle and how much savings that would be required to generate the…

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gratuity
July 14, 2016 Economics
End of Service Benefits

  Zurich International and Insight Discovery have recently facilitated a roundtable discussion with business leaders to discuss the increasing burden of managing EOSB and how the landscape is likely to change in the years ahead. With expatriate employees staying longer in the region and the rate of salary exceeding expectations, the legal obligation of providing…

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Brexit-UK-EU-Passport
July 11, 2016 Market UpdateEconomics
UK Financial sector determined to keep EU passport

  Britain’s financial sector is working hard to not lose EU passporting after the vote to leave the EU. Lord Mayor of the City of London said on Friday. “I think we’re determined that we won’t,” lose passporting rights. The ambassador and UK financial service representative said that it’s clear that we want to stay…

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brexit-pound-sterling
July 11, 2016 Uncategorized
The stunning collapse of the British pound

  Further to the recent Brexit referendum the pound has plummeted against other currencies. So how much lower can it go? Here are some of the more bearish, or pessimistic, forecasts. Below parity Jim Rogers, investor and chairman of Rogers Holdings: “It is going to go down a lot,” he told the BBC in an…

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brexit
After Brexit UK consumers ditch the spending plans

  After the shock vote to leave EU are ditching plans to buy properties, homes and they are looking to work abroad. State agent hart told that the 11% rise in the number of people selling their property as compare to the June 2015. According to the Indeed people are more looking for their jobs…

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saudi-arabia-tax
July 4, 2016 Tax PlanningEconomics
Saudi Arabia Floats Income Tax For Expats

  Thousands of well-paid expats in Saudi Arabia may have to pay income tax in the future as the government mulls ways of raising money to plug a massive budget deficit. Taxing expats incomes is one proposal before policy makers. Around a third of Saudi Arabia’s population of 30 million are expats. Most of the labour force…

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