ReAssure statement on the EU referendum vote to leave

We (ReAssure) have been monitoring and analysing the potential implications of the UK referendum and the response to a Brexit vote. Due to the uncertainty around the UK Government’s next steps following the referendum, it is currently too early to make a statement on the implications, although it’s likely that financial markets will experience some volatility in the immediate term.

We will continue to closely monitor the situation and consider the potential implications of Brexit for our policyholders and our business.

Questions and answers

Q. What will happen to the investment performance of my policy?

We can’t comment or speculate on how your policy’s investment performance will be affected by the UK leaving the EU.

However, it’s likely we will see some volatility in the markets in at least the short term due to uncertainty. This could in turn have an impact on the investment performance of your policy.

Fund values can go up or down on a daily basis, and the market is affected by numerous factors.

If you want to discuss your future investment strategy we recommend you speak to a Financial Adviser. If you don’t have an adviser, you can find one in your area at unbiased.co.uk.

Q. Will there be any change to my ReAssure policy, including the tax that I pay?

We don’t expect any immediate changes to your policy as a result of the vote. However, we don’t know how the government will respond in the period following the vote, or if it will make any changes to the rules that govern your policy, or pay outs from your policy.

We will continue to monitor any developments following the Brexit Vote, and will keep the website up-to-date with any developments.

Q. If the UK leaves the EU, is my money safe with ReAssure?

We have a strong capital position which will help us continue to meet our customers’ needs, and our capital position has been resilient to previous upheavals in the market.

ReAssure can only give you factual information.  If you’re concerned about how the referendum could affect your policy and want advice on what you should do we recommend you speak with a Financial Adviser.  If you don’t have an adviser, you can find one in your area at unbiased.co.uk.

Q. Following the vote to leave will I still have the same consumer rights as I do now?

Yes, ReAssure is regulated by The Prudential Regulation Authority and the Financial Conduct Authority, which are UK based regulators.  We will continue to monitor any regulatory developments following the Brexit Vote, and will keep the website up-to-date with any developments.

You can read statements on the EU referendum result from the Financial Conduct Authority (FCA) here and from the Association of British Insurers (ABI) here.