Brexit FAQs

It’s important to note that we cannot give advice to you about Brexit. If we don’t have the information to answer your questions below, please refer to either:

https://www.gov.uk/world/brexit-ireland

https://www.abi.org.uk/

Brexit is due to happen in 2019, but we’re still not sure what the final deal will look like. We don’t have an opinion on what the Brexit deal should look like, or whether it will happen, but we have put plans in place to make sure we can continue to manage our business.

While you might see ups and downs in the stock markets, or movements in the value of the pound, Brexit isn’t the only event that can impact stock markets; they can be affected by all sorts of global events, from tax cuts to trade wars, and even the US elections. In the UK the Government and the Bank of England have different powers that can help to ease the ups and downs. You might see them using these powers depending on what happens with Brexit.

Investments can go down as well as up and you could get back less than you invested. While most of our customers have long-term investments, there will be customers who need to access their investment now and we recommend these customers speak to their financial adviser.  If you do not have a financial adviser, you can find someone in your area at www.unbiased.co.uk.

There are different ways we can manage the ups and downs depending on the type of investment you have on the Ascentric platform. You can find out how your investments are performing by looking at your most recent valuation. If you are unsure about anything, we recommend you speak to your financial adviser.

As mentioned above, while you might see ups and downs in the stock markets, or movements in the value of the pound, Brexit isn’t the only event that can impact stock markets.

If you are unsure about anything, we recommend you speak to your financial adviser.

We don’t give advice about how you should manage your money, so before you make any decisions, you should speak to your financial adviser. Have a think about the reasons why you took out the investment in the first place, your financial adviser can help you understand if the investment is still meeting those original goals and explain your options.

We don’t know what the final Brexit will look like, or what affect it will have on your investment. Until the situation becomes clear, we’ll carry on as normal and continue to collect and make payments that are due to your bank account.

We are continuing to monitor the developments in the Brexit negotiations, and we’re engaging with the UK regulators so that we can act quickly once the situation is made clear. Whatever happens, you are our priority and we’re looking to ensure that we can continue serving you.

No. This is set by UK legislation. We can’t comment on how any death benefits will be taxed in your country of residence, if you live outside of the UK. This has always been the case though and Brexit doesn’t change that.

We don’t expect our current charges to change as a result of Brexit. If there are any changes to our charges for any reason, we will communicate them to you in the usual way.

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