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Brexit would cause ‘serious economic shock’

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CBI Economics Director Rain Newton-Smith responds to analysis from The Treasury showing that a vote to leave the European Union could negatively impact UK pensions…

All pension schemes benefit when funds can be invested across a stable, growing economy, to best support people in their retirement years.

Any financial market turmoil caused by a Brexit is likely to have a negative effect on household wealth, the value of funds and damage pensions here at home, especially for those looking to retire within the next few years.

The sheer weight of credible evidence points towards a serious economic shock if the UK were to leave the EU, meaning a hit to the value of our private pensions, jobs and prosperity.

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