Pensions industry set to vote to stay in EU

The platform's research of 120 pension industry stakeholders between 11 April and 22 April found 61% providers, trustees and consultants would vote to remain.

Almost three quarters (73%) of solution providers including banks and asset managers said they would vote to remain in the EU, and none indicated they would vote to leave.

Over two thirds of trustees and consultants - 64% and 63% respectively - said they would vote to stay. Almost a third (32%) of trustees planned to vote to leave the EU, along with one in five (21%) consultants.

Views on whether or not the UK would actually vote for Brexit told a slightly different story. Just over a quarter of solution providers believed the UK would leave, while almost two thirds expected the UK to remain in Europe.

Mallowstreet chief executive officer Stuart Breyer: "These findings of course are just a marker in time and over the coming weeks we will continue to gauge how the views of the pensions industry are changing via our online community and how the final vote may play out on 23 June."

"What's clear is that there is almost a consensus of opinion on the various issues among asset managers and banks - that a Brexit has been effectively ruled out.

"Things aren't so clear cut for other industry stakeholders. They are more open to the idea of the UK leaving the EU, with 1 in 5 trustees (21%) seeing it as potentially positive for the economy. Overall though, a large part of the industry thinks otherwise - that there would be no positive impact on the economy at all."

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• Topics
• Industry
• EU
• EU referendum
• Mallowstreet
• Bremain
• Europe