Existing clients can use these links to log in to the Infinity dashboard. Not a client? Why not get in touch to find out about our services.
International professionals enjoy a lifestyle envied by many. The travel opportunities available to these expats in Asia are not just perks of the job. Moving from country to country is often a commercial and contractual necessity to ensure that their expertise provides benefit to more than one location within the business.
As exotic as the lifestyle of a global nomad hospitality professional may sound, it does present particular challenges when it comes to financial planning. Even if income is based in one currency, day-to-day expenses must be met in the local currency and moving between several countries may leave a confusing trail of accounts. Multi-currency international bank accounts are therefore ideal for hospitality professionals who continually move around.
Many executives in the international hotel and hospitality industry work for a variety of employers during their lifetime. Their skills are in high demand and it is common for them to move to new challenges with a different company. However, this can lead to a problem of broken pension pots with various contributions sitting in schemes with different companies, which is highly inefficient when growing a pension fund. Consolidating pension funds makes good financial sense, but it can be a time consuming and complicated task requiring professional financial planning advice.
Many expats in Asia are shocked to find out that the terms of their life insurance dictate that they no longer have cover once they move to another country. This can be another issue that affects people in the global hospitality industry. People on the move need portable life insurance policies that provide them with cover wherever they work.
The same is also true of medical insurance. A hotelier that is transferred urgently to work in another country may not even think about the implications until they have an accident or illness requiring hospital treatment. In such circumstances, a large healthcare bill may come as an extremely unwelcome cost especially for someone who believed they had the requisite cover.
These are just some of the issues that, in our experience, international hospitality professionals face when it comes to financial planning. As a leading financial services company with offices across Asia, we are used to helping people in the hospitality industry resolve the issues. If you are an expat in Asia working in the hospitality industry and you have concerns about your financial arrangements, please contact us for a fee free consultation.
This Site and the Content are not directed at or intended for distribution to any person (or entity) who is a citizen or resident of Hong Kong (or located or established in) any other jurisdiction where the use of the Site would be contrary to applicable law or regulation or would subject Infinity Financial Solutions Limited to any registration or licensing requirement in such jurisdiction.
Persons (or entity) who is a citizen or resident of Hong Kong please click on the link below to access our Hong Kong Site.