Expat pensioners face frozen income

Francis Vachon/The Canadian Press/Press Association Images

Retiring overseas may seem like a warm and relaxing way to spend your golden years, but if you want to retire to any one of 120 destinations, including Canada, the Caribbean and Australia, you will pay a massive and utterly unfair price - you will have your state pension frozen, and it will gradually become worth less and less as you see inflation destroy it.

So why is this happening, and how can it be fair?