Love it or loathe it, 31 January 2020 is an historic date for the UK, as the country finally officially departs from the European Union (EU). With an 11-month transition agreement in place to last until 31 December 2020, and a number of negotiations still to take place, Brexit day is unlikely to be the […]
Last December’s election seemingly showed a clear mandate to ‘get Brexit done’. As the date draws near, those who have responsibility over pensions within their organisations will need to be aware that Brexit will have a number of effects. Product regulation for sales in the UK/EU If an organisation has a traditional salary-related pension scheme, […]
In a document published on 24 January 2020, the Department for Work and Pensions (DWP) confirmed that UK citizens working in the European Economic Area (EEA) and Switzerland will continue to have access to benefits and pensions despite the UK leaving the EU. The DWP promised that there will be no changes before 31 December […]
EXCLUSIVE: 77% of respondents say it is too early to tell how Brexit will impact pensions, according to research by Employee Benefits. This is a slight decrease on the 85% that said the same last year, but remains significantly higher than the 39% that said the same in 2017. At the time the Employee Benefits/Wealth […]
Employers with European Union (EU) nationals in their workforce have a vested interest in actively helping and encouraging them to apply for settled status before 31 October 2019, in case free movement ends on that date in a no-deal Brexit scenario. EU nationals currently have two options to stay in the UK; they can either […]
Just over two-fifths (42%) of respondents believe that their pension funds will fall in value as a result of Britain’s exit from the European Union (Brexit), currently projected for 31 October 2019, according to research by pension provider Aegon. Aegon’s bi-annual Retirement confidence survey, which surveyed 830 respondents recruited via the organisation’s customer and consumer panels […]
Something for the weekend: London-based team building organisation Team Tactics has introduced an exclusive new activity to its events roster: a Brexit rage room, where groups of up to 10 employees can smash pinatas shaped like politicians Nigel Farage and Boris Johnson. Available from Monday 25 March 2019 for one week only, the Brexit rage […]
On Wednesday 6 March 2019, the government announced that following the UK’s exit from the European Union (EU), it will ensure that the standard of workers’ rights will not be reduced, and that new EU laws will be considered for adoption into UK legislation. In a report titled Protecting and enhancing worker rights after the UK […]
As it stands, Britain is due to leave the EU on 29th March. Whether this will be a hard, no-deal Brexit, a softer version or, indeed, whether it will happen at all remains unclear at time of publication. What is clear, is that regardless of the proliferation of views and predictions as to how it […]
EXCLUSIVE: An overwhelming majority of respondents (85%) believe it is too early to tell what the impact of Brexit will be on pensions, according to research by Employee Benefits and Barnett Waddingham. The report, titled Employee Benefits/Barnett Waddingham pensions research 2018, surveyed 246 respondents and was published in December 2018. It found that uncertainty about the […]
The government has been keen to stress that workplace rights will continue largely as is post-Brexit, including European Union-derived developments such as the working time regulations (WTR). The WTR has embedded the EU’s working time directive (WTD) in UK law, and so, in principle, departure should not have an immediate impact; Brexit may, however, subject […]
Brian Harris, chief product officer at Currencies Direct, saw firsthand the kind of Brexit challenges facing UK businesses when he recently attended a European financial technology conference. Harris noticed that several European associations were representing their countries as alternative places to live and work. “Other countries and other cities are utilising Brexit as a catalyst for […]