No-deal Brexit will make it ‘illegal’ to pay pensions to retired British expats living in EU, MPs told

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It will be “illegal” to pay pensions to many retired British expats if the UK crashes out of the EU without a deal, MPs have been told. The Association of British Insurers said pensioners who receive their payments into bank accounts in their adopted countries would be left without cash. “That is a perfectly plausible risk in the future of no agreement is reached in some countries of the EU,” said Huw Evans, the ABI’s director general.

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