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You asked: I used to live and work in the UK and during this period my pension fund was created. I'm an EU citizen and am now resident in the EU. What will happen to my pension if a no deal Brexit occurs?
We’re aware that a small number of our customers purchased their policy in the UK and are now permanently relocated in – or may, in the future, permanently relocate to – a different country within the European Union / European Economic Area.
Following the outcome of the Brexit negotiations, the approach taken by the EU/EEA regulators may affect the policies of customers in this situation who are living in EU /EEA countries. The European Insurance & Occupational Pensions Authority has produced recommendations for regulators about dealing with policies if there is a ‘no deal’ Brexit. Assuming all EEA regulators act in accordance with these recommendations, this does provide reassurance that we will be able to continue servicing existing policies for the vast majority of our customers in this position if there is a 'no deal' Brexit.
In the meantime, we are continuing to monitor political and regulatory developments, so we can minimise any regulatory or operational difficulties that might arise.
We’ll always aim to provide the service our customers expect, whatever the Brexit outcome may be.
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