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Wesleyan's statement on the EU Referendum

Wesleyan's statement on the EU Referendum

We recognise the result of the EU Referendum represents a step change for the UK and will continue to generate a lot of debate. In the short term, this could create some uncertainty in the investment markets. The process to leave the EU is complex and will take some time to agree.

We want to reassure you that we are in a strong position to weather any volatility in the investment markets. As a mutual, with no shareholders to consider, we can focus on making the right long-term decisions on behalf of our members. In recent times we have been through several periods of market weakness and have proven procedures in place to protect our financial strength and your investments.

The investment and pensions products we offer are designed to be medium- to long-term plans. Market fluctuations may have some short-term impact on the value of policies, but we firmly believe that over the longer term they are designed to withstand the ups and downs of the markets. We have a nationwide team of specialist financial consultants that can help customers with any questions they might have.

We have a long-term approach to investing and use market turbulence to our advantage, buying equities that are temporarily out of favour to further strengthen our financial position. Our investment team will continue to look for such opportunities to help build the future of the Society and enable us to generate healthy payouts for our policyholders.

'WESLEYAN’ is a trading name of the Wesleyan Group of companies.

Wesleyan Assurance Society and Wesleyan Bank Ltd are authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Wesleyan Financial Services Ltd, Wesleyan Unit Trust Managers Ltd, Practice Plan Ltd and DPAS Ltd are authorised and regulated by the Financial Conduct Authority.  Advice about investments, insurance and mortgages is provided by Wesleyan Financial Services Ltd.

Click for more information about the Wesleyan group of companies.

© 2021 Wesleyan Assurance Society