capaDATA
  • PERFORMANCE
    • Younger saver, 30 years to retirement – 5-year annualised returns
      • Line chart
      • Bar chart
    • Younger saver, 30 years to retirement – 3-year annualised returns
      • Line chart
      • Bar chart
    • Younger saver, 30 years to retirement – 1-year annualised returns
      • Line chart
      • Bar chart
    • Older saver, 5 years to retirement – 5-year annualised returns
      • Line chart
      • Bar chart
    • Older saver, 5 years to retirement – 3-year annualised returns
      • Line chart
      • Bar chart
    • Older saver, 5 years to retirement – 1-year annualised returns
      • Line chart
      • Bar chart
  • RISK/RETURN
    • Risk/Return – Younger saver, 30 years from retirement, 5-year annualised
    • Risk/Return – Younger saver, 30 years from retirement, 3-year annualised
    • Risk/Return – Younger saver, 30 years from retirement, 1-year annualised
    • Risk/Return – Older saver, 5 years from retirement, 5-year annualised
    • Risk/Return – Older saver, 5 years from retirement, 3-year annualised
    • Risk/Return – Older saver, 5 years from retirement, 1-year annualised
  • PROVIDERS
    • Aegon Master Trust
    • Aon Master Trust
    • Atlas Master Trust
    • Aviva Master Trust
    • The Bluesky Pension Scheme
    • Ensign Retirement Plan
    • Fidelity Master Trust
    • Legal & General Investment Management – WorkSave Pension Mastertrust
    • LifeSight (Willis Towers Watson)
    • Mercer Master Trust
    • National Employment Savings Trust (NEST)
    • Now: Pensions
    • The People’s Pension
    • Salvus Master Trust
    • Scottish Widows Master Trust
    • Smart Pension
    • Standard Life DC Master Trust
    • SuperTrust UK Master Trust
    • TPT Retirement Solutions
    • Welplan Pensions
  • Research
    • ADVISERS
      • Pension provider selection factors
      • Switching
      • Diversification
      • Illiquids
      • ESG
      • Green
      • Digital
      • Consolidation
    • PROVIDERS
      • Master Trusts by number of members
      • Master Trust defaults by assets and number of employers
      • Member charges
      • Employer charges
      • Master trust investment advisers
      • Equity exposure
      • Derisking
      • Asset managers used
  • NEWS
  • MORE
    • About
    • Advertise
    • Contact us
    • Privacy policy
    • Content syndication
    • Terms & Conditions
CAPA
No Result
View All Result

EIOPA reassures expats pensions won’t be hit by no-deal Brexit

27 February 2019
EIOPA reassures expats pensions won’t be hit by no-deal Brexit
Share on TwitterShare on FacebookShare on LinkedIn

The European Insurance and Occupational Pensions Authority has confirmed that expats who have UK pensions will not treat these private savings plans as ‘cross border’ contracts. 

This clarification may ease the minds of many of those living abroad who are concerned about the potential impact of a no-deal Brexit on these savings.

The statement covers both pension and insurance products that have been bought in the UK, even if pensions are not yet in payment.

While the EIOPA can only issue ‘recommendations’ it has made it clear that it expect all EU regulators to make every effort to comply. 

Aegon pension director Steven Cameron says he looks forward to national regulators within the EU to confirm without delay that these contracts are not considered ‘cross border’. 

Cameron adds: “There have been concerns that in the event of a no-deal Brexit, UK financial services providers might have been limited in what services they could offer to customers who took out pensions and insurance policies while in the UK but who now live in another EU country. 

“It was feared that regulators in other EU countries might have treated these policies as ‘cross border’, which could have stopped UK providers offering ongoing servicing such as collecting contributions, issuing regular statements or even paying claims unless they set up separate operations in each EU country.”

He adds: “We are very pleased to see EIOPA set out what actions it expects national regulators across the EU to take to minimise any hardship a no-deal Brexit could have been caused for expats in this situation.”

He says further clarification from individual regulators will give reassurance to thousands that their pensions and insurance products can continue as planned, even in the event of a no-deal Brexit.

 

The post EIOPA reassures expats pensions won’t be hit by no-deal Brexit appeared first on Corporate Adviser.

TweetShareShare
Previous Post

TPR brings landmark fraud case against trustee

Next Post

FCA slams asset managers over post-Mifid hidden charges

Privacy & Cookies: This site uses cookies. By continuing to use this website, you agree to their use.
To find out more, including how to control cookies, see here: Cookie Policy

Category

  • By Provider
  • News
  • Not for search
  • Provider page archive
  • Uncategorized
  • video
CAPA data

© 2019 Definite Article Media Limited. Design by Bedazzled Media Limited.

  • About
  • Advertise
  • Contact us
  • Privacy policy
  • Syndication

Follow us

No Result
View All Result
  • About
  • Advertise
  • Contact us
  • Privacy policy
  • Syndication

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish.AcceptReject Read More
Privacy & Cookies Policy
Necessary
Always Enabled