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Pension brexit response

Huw Evans, ABI Director GeneralResponding to a report from HM Treasury of the potential impact on pensioners of a vote for the UK to leave the EU, Huw Evans, Director General of the ABI, said:

“We welcome a debate on the consequences for pensions and long-term savings of leaving the EU. While the UK long-term savings market is robust and there would be no need for savers to make hasty decisions, any serious economic shocks that resulted from Brexit would inevitably have an impact on the value of investments. In contrast, the UK's leading role in financial services within the EU helped prevent new capital requirements being imposed on pension schemes under the IORP directive.”

Last updated 01/07/2016