• Pensions industry signals a ‘YES to Bremain’ for cliff edge EU Referendum vote, reveals mallowstreet research
• 3 out of 5 respondents will vote to stay in the EU
• A third of trustees and 1 in 5 consultants will vote to leave
• Not one solutions provider say they want the UK to stand alone
• Just 1 in 4 says prospect of Brexit would be positive for the economy
With less than seven weeks to go, mallowstreet conducted its research* with a diverse group of pension professionals from its 3,000-strong online community of key stakeholders. The research also revealed how different stakeholders are approaching the EU
Referendum, with almost three quarters (73%) of solutions providers such as banks and asset managers saying they will vote to remain in the EU and none indicating that they would vote to leave. A deeper analysis of the data reveals a more mixed picture, as around two thirds of trustees and consultants (64% and 63% respectively) surveyed say they would vote to stay, almost a third (32%) of trustees plan to vote ‘Yes’ to leave, along with 1 in 5 (21%) consultants.
When asked whether the UK would actually vote to leave the EU, just over a quarter (27%) of solutions providers believed that the UK would vote to leave the EU, while almost two thirds (63%) see the UK remaining as part of the Union. This may be a good thing given that only 1 in 4 respondents believe a Brexit to be positive for the economy.
Stuart Breyer, Chief Executive Officer, mallowstreet comments: “We are just weeks away from what is a cliff edge moment for the UK and our research gives us a unique insight into what the pension industry is really thinking as we approach it. What’s clear is that there is almost a consensus of opinion on the various issues among asset managers and banks – that a Brexit is very unlikely.
“Things aren’t so clear cut for other industry stakeholders. They are more open to the idea of the UK leaving the EU, with 1 in 5 trustees (21%) seeing it as potentially positive for the economy. Overall though, a large part of the industry think otherwise – that there would be no positive impact on the economy at all.
“These findings of course are just a marker in time and over the coming weeks we will continue to gauge how the views of the pensions industry are changing via our online community and how the final vote may play out on the 23rd June.”
|
