31% are more concerned about their pension after Brexit vote


Just under a third (31%) of respondents are more concerned about their pension and retirement since the UK’s decision to leave the European Union (EU) in June’s referendum vote, according to research by Wealth Wizards.

Its survey of 2,000 Brits also found that 31% of respondents feel it is their employers’ responsibility to provide them with access to advice about their pension following the leave result.

The research also found:

  • 40% of respondents did not consider the implication to their pension when voting in the EU referendum.
  • 50% of respondents who voted to remain in the EU are more concerned about their pension and retirement following the outcome of the vote, compared to 15% of respondents who voted to leave the EU.
  • 38% of respondents do not know how well diversified their pensions are.
  • 11% of respondents say they would have voted differently if they had considered the implications to their pensions.

Andrew Firth, chief executive officer at Wealth Wizards, said: “As we look towards a future of change, there has never been a more acute time for people to understand their pensions and the options available to them.

“While there is still a great deal of uncertainty, it is encouraging that people are taking responsibility for their financial future and are realising that planning for their retirement is not an abstract idea to be dealt with in the future but something to be addressed in the here and now.”