Keeping you up to date on Brexit - EEA
On 29th March 2019, it is expected that the UK will no longer be a member of the EU. Negotiations over the terms of the UK’s withdrawal from the EU are ongoing.
We’re keeping an eye on these negotiations and preparing plans for all possible outcomes. The UK government is aiming to secure a transitional period to minimise disruption, but this may not be successful. Regardless of the outcome, we’re committed to having a plan to make sure we keep your policy running smoothly.
Customers who live in an EEA country
We await confirmation of the outcome of these negotiations so we can assess any potential impacts post Brexit for our policyholders that now live in the EEA.
Frequently Asked Questions
We don’t know at the moment. We have to wait for clearer direction from the UK and EU governments and financial regulators as the Brexit negotiations progress. We expect to have a better idea early in 2019 but we don’t have a definite date.
Prudential is transferring some of its policies to Prudential International Assurance (PIA) in Ireland. These transferring policies were originally bought in a branch within the EEA, i.e. policies bought in Poland, France, Malta, Germany and Ireland.
For Prudential policies that were originally bought in the UK, the Channel Islands or the Isle of Man, it isn’t practical to transfer them to another insurer in the EU. This is because policyholders may continue to move in or out of the EEA and it is where you are resident at any given time, that will dictate what impact Brexit may have on the administration of your policy.
We are aware that the UK government is aiming to make it possible for the financial services industry to continue to be able to make payments overseas, such as the payment of overseas annuities.
We await confirmation of the outcome of these negotiations so we can assess any potential impacts post Brexit for our policyholders and act to ensure your policy continues to run smoothly.
This website will have our most up to date information as any Brexit impacts become clearer.
You can also contact your financial adviser, if you have one. Note that advisers may charge for their services.