UK’s Retired Sun Seekers Risk Losing Pensions After Brexit
As a long-term resident of Spain, British ex-pat John Barlow had no hand in his country’s decision to leave the European Union. That doesn’t mean he’ll escape the consequences.
Like thousands of British retirees living in European Union countries, Barlow, 72, could lose access to his private pension unless UK and European negotiators reach a deal that allows the payments to continue after Brexit. With less than a year before the official exit date, the two sides haven’t even started discussing the issue of cross-border financial services, leaving pensioners like Barlow unsure about the future.
“I rely entirely upon these pensions,” said Barlow, who has been living in Madrid for 36 years. “If the pension payments stopped, I’d have to sell the house in Madrid and live on the proceeds.”
Read More: Bloomberg
