10 min read 13 Jan 21
At M&G we are, first and foremost, stewards of our customers’ money, and we take seriously the responsibilities that come with this role. Part of this involves navigating the political environment in which we operate.
This section contains answers to some of the most common questions we get asked about Brexit, to help you with any queries you may have.
Following the EU referendum in 2016, M&G acted to minimise disruption to our clients, protect their interests and provide certainty and clarity where we could, regardless of the outcome of the Brexit negotiations.
We have built a new international hub in Luxembourg: a fully licensed and operational business distributing traditional and alternative funds and servicing our investors in Europe, Asia and America.
We completed the migration of assets for most non-UK investors from our UK OEIC range to our Luxembourg SICAV funds in March 2019. Since then, EU and international investors in our funds have been serviced through our Luxembourg hub, while UK investors continue to be serviced in London.
If you are a UK-domiciled client investing in one of our OEIC funds, or if you are domiciled outside the UK and invested in one or more of our SICAVs, you don’t need to take any action.
We are aware of the news regarding some UK banks taking the decision to close UK bank accounts for customers living in certain EEA locations and are currently in the process of contacting clients who might be impacted by this. If you are an EEA-domiciled client investing in one of our OEIC funds through a UK bank account and we haven’t contacted you yet, we will be doing so shortly. In the meantime, please get in touch with your bank to understand your options.
Periods of political change are often accompanied by market turbulence, which we understand can be uncomfortable for many investors.
To check how well your investments are positioned to weather market volatility, and to ensure they continue to be aligned with your goals and circumstances, you may find it worthwhile speaking to a financial adviser. If you don’t already have one, you can find a financial adviser here. The Money Advice Service has also provided details on how to obtain financial advice on its website.
The value and income from a fund's assets will go down as well as up. This will cause the value of your investment to fall as well as rise and you may get back less than you originally invested.
Unfortunately, we’re not able to give any financial advice, and the views expressed in this article should not be taken as any kind of recommendation or forecast. If you’re unsure about the suitability of your investment, please speak to a financial adviser.