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Expats in Australia may find they are relying less on their international savings accounts as the number of job vacancies in the country jumped in February, according to ANZ.

The bank revealed that there was a 19.1 per cent increase in the number of jobs advertised in newspapers and on the internet last month. This follows a dip of 8.1 per cent in January.

Compared to the same month in 2009, employment vacancies were just 2.3 per cent lower in February. While this is significantly lower than their peak in April 2008, it is an increase of almost 28 per cent on their low in July 2009.

ANZ’s figures are the latest in a series of indications which show that the Australia is helping lead the way in the global economic recovery.

Last week, the Reserve Bank of Australia took the decision to raise the country’s interest rate by 25 basis points to four per cent in light of improved economic conditions.

Warren Hogan, ANZ chief economist, said: "In the near term, the forward indicators appear positive for more employment growth through the first half of 2010, although probably at a slower pace than seen over the past four months."

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Millions of UK residents could soon be setting up international savings accounts as many plan to retire overseas.

Research by the Foreign and Commonwealth Office has revealed that 42 per cent of over 55s wish to emigrate during their retirement, with 38 per cent wanting to do so in the next five years.

However, the office is warning Brits about the dangers of not planning financially for their new life abroad, through products such as international savings accounts, after the research revealed that 43 per cent think a holiday is enough to give them an indication of what the country is like.

Foreign and Commonwealth Office Minister Chris Bryant, said: "In the excitement of making plans for a future in the sun, people don’t always think about the possible downsides or the problems that can occur."

Mr Bryant added that this was particularly important when purchasing property overseas as "local laws can be complex and unclear".

Expat advice publication Shelter Offshore recently recommended that pensioners should consider offshore accounts as a way of diversifying their retirement income.

Posted by Chris Moore

A significant number of Brits are concerned that their pensions and savings accounts will not provide them with enough money for retirement.

According to a new survey by the National Association of Pension Funds (NAPF), just 34 per cent of people believe that the savings they have put aside will not allow them to live comfortably in their later years.

The news comes on the same day as a survey by the Foreign and Commonwealth Office found that 42 per cent of people aged 55 or over were considering moving overseas, with many intending to do so in the next five years.

Concerns were also raised in the NAPF research about pension funds running out while people still needed them, with 26 per cent stating they would like a guarantee that they would be provided for until they died.

However, only 17 per cent of people are planning on increasing their contribution to their pension this year and eight per cent are reducing or stopping payments.

Saving money for retirement was still considered to be a better form of investment than property.

Posted by Andy Price.

International savings account holders in the US are likely to see interest rates rise in the country in the coming months, according to new figures.

The results of a survey by the National Association for Business Economics (NABE) show that two-thirds of people believe that the Federal Reserve’s fiscal policy is "appropriate at the moment".

Almost two-thirds believe that the target for the Federal Funds rate, which is the Federal Reserve’s main interest rate, will increase by 25 or 50 basis points in the next six months.

In addition, almost all of the 203 NABE members polled believed that mortgage rates would rise in the coming months. The majority also thought that the current level of stimulus in place in the US was appropriate.

The news comes as unemployment figures released by the Bureau of Labor Statistics show little change in the level of joblessness in January, which remained stable at 9.7 per cent.

Only a slight change was seen in the number of long-term jobless citizens, which has stayed at around 6.1 million since December.

Posted by Chris Moore.

We’re devoting a week’s worth of articles and reports to helping the 42% of British over-55s who want to escape UK and emigrate and live somewhere warmer, safer and cheaper abroad…

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International savings account holders in the US will have seen little change in unemployment in February as the official rate remained stable.

The US Bureau of Labor Statistics (BLS) said that the rate was "essentially unchanged" during the month at 9.7 per cent. Men were more likely to be unemployed that women with rates of ten per cent and eight per cent respectively.

There was also only a slight difference in the number of long-term unemployed citizens – those who have been out of work for 27 weeks or more – which has remained at around 6.1 million people since December.

It is believed that severe weather conditions may have affected employment rates and the number of hours worked in some areas of the US.

Last week, the BLS revealed that Michigan experienced the highest unemployment rate of all states at 14.6 per cent.

In total, 14 states and the District of Columbia posted jobless rates of ten per cent or higher, while 30 registered figures significantly lower than the national average.

Posted by Andy Price.

People should consider the interest rates paid on savings accounts before putting their money aside, according to Fool.co.uk.

The financial advice website said that those hoping to open an Isa this year should move quickly as the deadline is looming. New limits will also apply to Isas taken out after April 6th.

David Kuo, director of the website, said that finding a savings account which pays a good interest rate at the moment will be difficult.

However, Mr Kuo believes that saving money is still a wise move.

"There is so much uncertainty at the moment. It is best to look after your own finances and investments and prepare the best you can," he explained.

Last week, the Bank of England took the decision to leave interest rates unchanged at their historic low of 0.5 per cent for the twelfth consecutive month.

Since the decision was made commentators have said that the Bank is likely to leave rates low over the coming months.

Posted by Charles Mackay.