What will a ‘Brexit’ mean for my pension?
By Kirsten Hastings, 20 Jun 16
With the referendum on whether or not the UK will leave the European Union only days away, Aegon has addressed some of the concerns about how a vote to leave could impact pensions.
On a vote to leave the EU, we expect the UK government would enter into negotiations around the terms for the UK leaving the EU and also terms of new trading and other relationships with EU and other countries.
The official process is to ‘invoke Article 50 of the Lisbon treaty’ at which point negotiations would commence which are scheduled to take two years.
If no agreement has been reached by then, it could be extended but only with the agreement of the other EU member states.
Even once these negotiations were completed, it might take considerably longer for the UK government and regulator to finalise trade agreements and to complete the transition to a legal and regulatory regime independent from EU laws and regulations.
