Pensions industry wants UK to remain in EU

Pension old woman 410The June 23 referendum on the United Kingdom’s membership of the European Union has been described as a ‘huge deal’ for the UK by the pensions industry, with research suggesting 61% of solutions providers, trustees and consultants will vote for the UK to remain. The findings, published by pensions industry social network mallowstreet, indicate opinions about the UK’s membership vary among different shareholders. Support for remaining is overwhelming among solutions providers (such as banks and asset managers), with almost three quarters (73%) planning to vote to remain, and none saying they would vote to leave. Conversely, while two thirds of trustees and consultants (64% and 63% respectively) surveyed said they would vote to stay, almost a third (32%) of trustees plan to vote ‘Yes’ to leave, along with 21% of consultants. Solutions providers were, in any event, sceptical of the prospect of a ‘Brexit’. Little over a quarter (27%) said they believed the UK would leave the EU, while 63% saw the UK remaining part of the Union. Despite the varying levels of support for remaining, respondents were largely unequivocal when it came to judging the impact of a ‘Brexit’ on the UK economy – only 25% of respondents believed it would be a positive development. ©2016 funds europe

Executive Interviews

INTERVIEW: Put your money where your mouth is

Jun 10, 2016

At Kempen Capital Management, they believe portfolio managers should invest in their own funds. David Stevenson talks to Lars Dijkstra, CIO of the €42 billion manager.

EXECUTIVE INTERVIEW: ‘Volatility is the name of the game’

May 13, 2016

Axa Investment Managers chief executive officer, Andrea Rossi, talks to David Stevenson about bringing all his firm’s subsidiaries under one name and the opportunities that a difficult market...


ROUNDTABLE: Beyond the hype

Oct 13, 2016

The use of smart beta investing continues to grow. Our panel, made up of both providers and users, discusses what the strategy actually means, how it should be used and the kind of pitfalls that may arise when using this innovative investment technique.

MIFID II ROUNDTABLE: Following the direction of travel

Sep 07, 2016

Fund management firms Aberdeen and HSBC Global meet with specialist providers to speak about how the industry is evolving towards MiFID II.