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Alliance & Leicester International
Recent rate rises on expat savings accounts is seeing annual interest rates of over 4 per cent now on offer on 5 year fixed term deals. And rates are beginning to rise on shorter term deposits.
As the soaring cost of retiring in the UK is estimated to hit over £400,000, 87% of UK expats are choosing to retire abroad, according to a study published today.
Financial advisers may be missing a business opportunity, suggests Alliance and Leicester International, as few expatriates save money once they leave the UK despite improved financial positions.
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