The estimated 1.8 million British expats living in the EU should consider reviewing their personal financial strategies as ‘no-deal’ Brexit looks increasingly likely, the deVere Group has warned.

The global expatriate population has reached 66.2m and is likely to rise to 87.5 million by 2021, according to an industry report from consultants Finaccord.

More and more clients – especially the wealthier clients who are more likely to use Financial Planners – have assets, income or liabilities in more than one jurisdiction. That may be for legacy reasons (emigration or retirement abroad) or business reasons.

The frozen state pension for UK pensioners living abroad in countries such as Australia, Canada, New Zealand and South Africa, will come under the microscope in Parliament today.