Read the latest information available for you and your clients.
Brexit position (as at 11 September 2019)
Recent political events - including the prorogation of parliament to 14 October, new legislation aimed at preventing a no deal Brexit and the likelihood of a snap General Election in the next few months - have created further uncertainty over when the UK will leave the EU and the terms of its departure.
While the Prime Minister is now required by law to request a further delay to the UK's departure from 31 October to 31 January if he is unable to reach a new withdrawal agreement with the EU, the political outlook remains highly unpredictable and is likely to remain so for the foreseeable future.
As part of our Brexit planning we have considered a number of different Brexit scenarios, including the possibility of the UK leaving the EU without an agreed deal, and put in place agreements to mitigate any potential disruption for our customers, clients and operations.
We will continue to follow the political process and review the arrangements we have put in place in the light of any major developments. As a global investment manager we have extensive experience of adapting to regulatory change and working across borders.
Our priority is to ensure we are in the best possible position to provide our customers and clients with continuity of service, regardless of the circumstances in which the UK may eventually leave the EU.
The UK faces the prospect of being regarded as a third country when it exits the EU. As a result, some transfers of personal data to the UK could be non-compliant with Data Protection law. We’re putting in place the necessary arrangements, including amendments to existing contracts with third parties processing personal data on our behalf, to support the continuation of cross-border personal data transfers to the UK post Brexit.
Periods of increased market volatility can have an impact on investment valuations. We'll keep you updated on any fund suspensions.
The information on this site is for qualified financial advisers and must not be relied on by anyone else. If you're not an adviser, please go to our customer website for more information about our products and services.