Brexit FAQs for Private Investors

Following the end of the transition period on 31 December 2020, very little has changed about how we look after your investments. We put plans in place to make sure we could run our business and manage your money before we left the EU and, now the transition period has ended, we continue to do this.

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:

https://www.gov.uk/transition  

While you might see ups and downs in the stock markets, or movements in the value of the pound, remember, 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 current pandemic. In the UK the Government and the Bank of England have different powers that can help to ease the ups and downs. 

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.

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, and find the right solution for you. If you don’t have a financial adviser, you can find details of advisers in your area at www.unbiased.co.uk. This is a free service to help you find an adviser near you. Advisers may charge for their services – though they should agree any fees upfront.

If you're an EEA client, you must have a UK bank account to enable us to continue working with you. We’re aware that some UK banks have stated they will no longer allow EEA clients to bank with them, so we recommend you discuss this with your Financial Adviser and check the situation with your bank.

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.