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


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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