The outcome of the Brexit negotiations will have a significant impact on the pension sectors in the EU and in the UK. In this challenging and uncertain environment, it is of utmost importance that policymakers and supervisors do not cause any unnecessary burdens, costs or uncertainty for pension funds. Their consequences would be harmful also for the wider European public, as they would lead to decreasing investments by pension funds in the European real economy that creates jobs and growth. PensionsEurope hopes that Brexit negotiators will find an agreement, because if there is no deal agreed it is likely to have a negative impact on economic outlook which will then impact on investment markets and put the funding of schemes under pressure. It would also provide uncertainty for EU citizens working in the UK regarding their own pension rights and social security rights and UK citizens who work in other EU countries.

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