Based abroad? Avoid portfolio bonds

Suitcase stuffed with cash © Getty images
It may make sense to cash in your investments before coming home

If you’re an expatriate expecting to return to the UK in the future, there’s a good chance someone will already have tried to sell you an offshore portfolio bond as a vehicle for saving for old age. If not, expect to be approached sooner rather than later and be very wary – this multi-billion-pound industry generates lucrative commissions for financial advisers specialising in the [...]