Exchange traded funds are "inexpensive"

UK emigrants who are choosing to make international payments to schemes that will finance their retirements may like to invest their money in shares, according to industry experts.

Writing in the Telegraph, finance expert Alison Steed recently highlighted the difficulties some expats have when trying to find suitable pension schemes.

Ms Steed explained that Britons living overseas may prefer to transfer money to investments instead of directing their money to savings accounts.

The expert highlighted the affordability of exchange traded funds (ETF), which see investors buying shares in many companies in differing sectors and geographical areas.

Graham Barnes, the director of financial advisor the Fry Group, expressed his agreement with Ms Steed and told the paper: "With an ETF you get quick, inexpensive exposure to the markets."

In other news, the Greek National Tourism Organisation recently revealed that Greece is proving a popular destination for retiring Brits.

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By John Mills