My own anecdotal evidence confirms this. Just as many clients, not many but a steady trickle, are moving/planning to move or buying boltholes in warmer climes. France, Spain and Portugal are still favourites and all are going in, I think, with eyes open, assuming Brexit will make things more complicated. I’m not actually sure that it wasn’t pretty complicated before; many, however, ignored potential complications, on the assumption that we were all EU buddies. Things have changed most for those already there, as tax and other rules to which not much attention was previously paid, are now being enforced with glee, it seems. Most other countries, for instance, don’t recognise the tax-free status of ISAs, and some have had sudden reminders that they should have been paying their Spanish and other dues for some years now. Sunshine comes with a price; although your ISA money is still good in Cornwall.
“Worry for profession as young adviser numbers plummet”
There are around 31,000 advisers currently authorised by the FCA to give advice. Of these only around 6% are under 30 and 84% of all advisers are male. There are 209,000 solicitors, 7,000 young ones enter the profession each year and 52% of all solicitors are now female.
