Neil MacGillivray: The Great British Break-Off

Stepping into the pension income unknown

clock • 4 min read

Holding himself back from the void, Neil MacGillivray considers the likely position of EU residents with an annuity or SIPP linked to a UK-based provider in the event of a 'no-deal' Brexit

I am sure I am not alone in feeling as if Brexit is sucking the life out of me. Without getting into the politics, we appear to be in a position where there is so much conflicting information as to what will or will not happen if there is a ‘no deal' Brexit, it is of little surprise that people feel they are been pulled into a void not knowing what lies at the other end. One area that demonstrates this and has received significant press coverage is that European Union (EU) residents who are in receipt of an annuity from a UK-based insurance company may no longer be able to access their i...

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