Arrow Cars Funding Partners
For over 5 years, returns on savings and investments have been stuck around 1 to 3% AER. This is great news for mortgage holders but terrible for savers and investors whose lifestyles have been dramatically affected by low returns. This situation looks unlikely to change significantly for at least another 5 years, maybe longer.
Now the UK has chosen to leave the EU, we are being faced with more uncertainty and possible hardship, especially if we are vulnerable to exchange rate fluctuations. The result is that many Expats in Spain, who rely on their pensions, savings and investments are not only living on a reduced income but often actually “dipping in” to their savings instead of enjoying the returns on those savings they always expected.