Brexit vote unlikely to hit financial advisers in short term

1 Jun 16

Political and economic uncertainty surrounds the outcome of the UK referendum on 23 June, but the initial impact on the business of financial advisers, even if there is a vote to leave, could take some time to be felt, according to industry observers.

There is some dispute as to whether the agreements are really necessary with some suggesting the UK could change its domestic laws and simply pay the overseas pensioners the uprated amounts.

Be prepared

Nigel Green, the chief executive of deVere Group, said there are also questions over what other EU countries’ policies will be towards British families’ access to education and healthcare.

“If we refuse to accept free movement of EU labour, will UK expats be able to carry on working in the EU? And will they be able to own assets under their own name?”

Green said whichever way the vote goes “there are likely to be repercussions for many British expats in Europe. They should consider taking steps to mitigate the financial risks