The decision to leave the European Union creates new opportunities for the UK, the world’s 5th largest economy, to redefine how it wishes to trade with the rest of the world in the future. But with it comes uncertainty, particularly in relation to the transition to the new normal. A ‘no-deal’ Brexit is widely considered an undesirable outcome, albeit may be considered the best of a bad
bunch depending on the path of negotiations over the coming months.
In this short note we look at what a no-deal scenario could look like in terms of the wider economy, pension scheme finances and the investment industry, and what, if anything, pension scheme investors can do to prepare for this eventuality.