News | Legal News

26 April 2017

2017 retirees ‘not phased by Brexit’

Two thirds of workers planning to enter retirement in 2017 say the vote to leave the EU has not influenced their plans.

According to financial services company Prudential, 67% intend to stick to their original plans despite the Brexit vote.

However, around a tenth (11%) of those questioned said they are planning to change their retirement date in light of the June 23 referendum result.

Another 6% said they may choose to move to a different country once they leave the world of work behind.

In the longer term, some 27% of those queried said Brexit could have a negative impact on their finances. In contrast, 12% said it should have a positive effect.

Despite the headline findings of the report, Prudential retirement expert Kirsty Anderson said: "Looking below the surface, there is a degree of uncertainty and nervousness among many of this year's retirees."

With Prime Minister Theresa May officially triggering Article 50 of the Lisbon Treaty last month, the UK is now on course to leave the EU in the spring of 2019. 

Lucy Wood

Lucy Wood

Tel: 01753 278650

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