For those contemplating a move to Colombia, and who are either in receipt, or will receive a UK State Pension, please be aware that the UK is the only country that discriminates against it's Pensioners, depending on where they live.
Unfortunately, despite an ongoing campaign to change the Regulations, and rectify this anomaly, which has lasted over 70 years, the UK Government is resisting attempts ensure that all Pensioners are treated equally. at present this effects about 550,000 Pensioners.
The Regulation as it stands, states that the Government will only uprate UK Pensions in those Countries where is is legally bound to do so, or reciprocal arrangements are in place, the list of countries affected can be found Here
Unfortunately Colombia is one of the Countries where index linking of UK pensions is not applied, which means that the UK State pension you receive on moving to Colombia, or if you are already in Colombia, the date you become eligible for your pension, is the pension you receive for life, it will never be increased, unless you return to the UK.
At present I am flooding the Colombian Government with correspondence, knowing that Santos has a good relationship with the UK Government, with a view to putting pressure on to change this regulation, bearing in mind there are many Colombians living and working in the UK, who will be effected once they return home, and will be depending on their UK pensions. People in other effected Countries are doing the same.
For those who are unaware, there are many organisations involved in campaigning for change, probably the best known is theICBP (International Consortium of British Pensioners), the other Group who are growing on FaceBook are British State Pensioners World Wide
At the moment there are British Pensioners living in 'Frozen' Countries on the poverty line, quote "a pensioner aged 90 who has lived in a frozen country all their retirement would now still get a state pension of just £43.60 per week. If they had lived in the UK they would receive £113.10".
Just Google 'UK Frozen Pensions', and you will see how widespread the problem is.
I am lucky enough to have a Government pension that is index linked, but in six years time, I want the State pension I paid into throughout my working life.