Expats in Cyprus targeted by unlicensed IFAs

Pedro Gonçalves
clock • 1 min read

Rogue financial advisers are swarming around British expats in Cyprus despite endless warnings by media and authorities alike. The majority of UK expats living in Cyprus are retirees or owners of small businesses looking to invest their pension pots and savings to get a reasonable return.  Unregistered, unregulated independent financial advisers in the mediterranean island are tempting expats with promises of high returns from risky investments. However, since the firms are operating without a licence, expats risk losing everything. Rogue IFAs usually target expats that have just a...

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