Four months on from the UK referendum, as the dust begins to settle, FN asked senior fund management and pensions executives: What might be the effect of Brexit on the UK's pensions industry?
Tim Stumpff
European chief executive, Principal Global Investors
Brexit should not have a significant effect on our domestic pensions industry, unless it causes economic problems that undermine returns on pension assets or bring more changes to pension policy. It probably means UK interest rates will stay lower for longer and distortions will continue in the bond markets. Further overseas diversification of bond and alternatives exposure may occur.