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Joanne Segars, Chief Executive, Pensions and Lifetime Savings Association, commented:
“Much will depend on the precise nature of our future relationship with the EU, which may mean that some aspects of UK pension provision continue to be influenced by the EU. In other areas, UK pension law may need to be disentangled from EU legislation.
“The PLSA will continue to play a leading role in ensuring the pension fund perspective is clearly heard and understood in the uncertain times ahead to ensure that the needs and interests of pension funds and millions of pension savers are protected.
“It is essential that the UK government and policymakers in Brussels now act swiftly and decisively to manage current volatility and announce a clear plan to renegotiate our future relationship with the EU.”
Related press release: PLSA comment on market volatility following UK EU Referendum