The Pensions and Lifetime Savings Association (PLSA) has reacted to the UK’s decision to leave the European Union.
PLSA chief executive, Joanne Segars, said: “The ramifications for UK pensions of the UK’s decision to leave the European Union will start to become clear over the coming weeks and months. 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.” Segars added that the PLSA will continue to play its role in ensuring that the pension fund perspective is clearly heard and understood, in order to ensure that the needs and interests of pension funds and millions of pension savers are protected. She commented: “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.”