PLSA comment on market volatility following UK EU Referendum

The Pensions and Lifetime Savings Association (PLSA) has today published a further response to the UK’s decision to leave the European Union, and the resulting market volatility.

Joanne Segars, Chief Executive, Pensions and Lifetime Savings Association, commented:

“The market volatility following the news that the UK has decided to leave the EU was in some part to be expected but it is still unnerving for savers. Even though pension schemes are long-term investors with diversified portfolios, continued uncertainty and the increased volatility that goes with it makes it difficult for schemes to protect savers’ interests. 

“It is essential that the UK government takes action to reassure the markets. They and policymakers must quickly turn their attention to making clear their long-term plan for the UK, its economy and its place in the European and global markets to protect pension schemes and their savers.”

-ENDS-

NOTES TO EDITORS:

PENSIONS AND LIFETIME SAVINGS ASSOCIATION

We’re the Pensions and Lifetime Savings Association, the national association with a ninety-year history of helping pension professionals run better pension schemes. With the support of over 1,300 pension schemes and over 400 supporting businesses, we are the voice for pensions and lifetime savings in Westminster, Whitehall and Brussels.

Our purpose is simple: to help everyone to achieve a better income in retirement. We work to get more money into retirement savings, to get more value out of those savings and to build the confidence and understanding of savers.

CONTACTS:
Lucy Grubb, Head of Media and PR, Pensions and Lifetime Savings Association
T: 020 7601 1726, M: 07713 073 023, E: [email protected]

Eleanor Carric, PR Manager, Pensions and Lifetime Savings Association
T: 020 7601 1718, M: 07825 171 446, E: [email protected]

Kathryn Mortimer, Press Officer, Pensions and Lifetime Savings Association
T: 020 7601 1748, M: 07901 007 713, E: [email protected]