A Brexit update

Recent political events, including the prorogation of parliament, new legislation aimed at preventing a no deal and the prospect of a snap General Election have all contributed to further uncertainty about Brexit.

The Prime Minister is now required by law to request a further delay to the UK’s departure if he is unable to reach a new withdrawal agreement with the EU. The political outlook remains highly unpredictable and the terms of an EU departure are unknown.

Making sure we are prepared

Our Brexit planning continues to consider a range of scenarios, with the worst case being the UK leaving the EU without an agreed deal. This planning will ensure we are best placed to mitigate any potential disruption for our customers, clients and operations.

Keeping you informed

We will continue to follow the political situation and review our Brexit arrangements in the light of any major developments.

As the facts become clear, we will provide detailed information for any customers directly impacted by Brexit, with clear guidance on any action that is needed.

Our priority is to ensure that we provide our customers and clients with continuity of service and maintain our award-winning standards of customer care, regardless of the political situation.

Read more

Read the FCA’s guidance on preparing for Brexit here.

This article is for financial professionals only. Any information contained within is of a general nature and should not be construed as a form of personal recommendation or financial advice. Nor is the information to be considered an offer or solicitation to deal in any financial instrument or to engage in any investment service or activity. Parmenion accepts no duty of care or liability for loss arising from any person acting, or refraining from acting, as a result of any information contained within this article. All investment carries risk. The value of investments, and the income from them, can go down as well as up and investors may get back less than they put in. Past performance is not a reliable indicator of future returns.  

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