Since the historic result in the UK's referendum on membership of the EU, events have moved quickly, with leadership challenges being triggered by the two major parties, resulting in a new prime minister and cabinet. There has also been considerable debate and discussion about what will happen next, the timing of Brexit and the possible shape of the UK's future relationship with the EU and beyond. The new leadership has begun to give some signals about its likely approach to the Brexit negotiations, but considerable uncertainty remains. In spite of this, there are several actions that pension plan trustees and sponsors need to take in response to current events. We have summarised these below, together with some of the key issues pension plans and sponsors need to be considering in order to prepare for Brexit.
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