Keeping you up to date on Brexit
Negotiations over the terms of the UK’s withdrawal from the European Union are ongoing. Regardless of the outcome, we’re committed to having a plan to make sure we keep your policy running smoothly.
On 1st January 2019 Prudential Assurance Company Limited (PAC) in the UK transferred some policies, originally taken out in Poland, France or Malta, to Prudential International Assurance (PIA) in Ireland (through a High Court sanctioned part VII process). Also included were Equitable Life Assurance Society (ELAS) policies taken out in Germany or Ireland.
In the event of a ‘No Deal’ Brexit, PIA (domiciled in Ireland) expects to be able to continue to sell to customers based in the UK post the UK’s withdrawals from the EU, given that the UK government implemented a statutory instrument on 6th November 2018 to provide a temporary permissions regime.
Where can I get more information?
For more information on all of our brexit updates, please visit www.pru.co.uk/brexit