It’s been confirmed that there has been an extension of Article 50 until 31 January 2020. We have been closely monitoring developments throughout the Brexit negotiations over the last three years, to ensure we are prepared for all potential outcomes.
You may have questions about what this means for you as an investor with Old Mutual Wealth, and there is a Q&A below. However here are the main points we want to emphasise:
- Most importantly, we’re pleased to say that Brexit - whatever the final outcome - will have minimal impact on our existing operations, and we will be able to continue to service your policies and investments.
- It’s possible that there may be some uncertainty in the economy and markets, but it’s important to remember that all investments can go up and down in value over time. The basic principles of long-term investing remain the same – short-term falls do not necessarily impact on long-term goals. If you do have any concerns regarding the ongoing suitability of your investments, your professional financial adviser is best placed to discuss these with you.
- It may take time for all implications to become clear and some things may change. Our focus is on supporting you and your adviser. We will keep you informed of any changes here, and contact you directly if required.
Staying safe from financial scams
Even though you may not be directly affected by EU withdrawal or a no-deal scenario, during this time of heightened political uncertainty the risk of scams or other frauds is very real. Read our pages about staying safe from financial scams.