What will a ‘Brexit’ mean for my pension?
By Kirsten Hastings, 20 Jun 16
With the referendum on whether or not the UK will leave the European Union only days away, Aegon has addressed some of the concerns about how a vote to leave could impact pensions.
If you have a defined contribution pension, its value may go up or down with the value of asset, such as stocks and shares, your funds are invested in. So how the investment markets respond short and long term is likely to affect the value of your pension.
We’ve already seen significant market volatility and most commentators agree this will continue if the UK votes to leave the EU.
You could see this reflected in your pension value which could go up and down. Longer term, the value of your fund is likely to depend on broader economic aspects and it’s difficult to predict this in advance.
