In a debate held by the Exiting the European Union Committee on 24 July, Huw Evans, director general of the Association of British Insurers, raised serious concerns about UK pension payments if there is a hard-Brexit. He said several EU nations currently do not have legal frameworks in place to deal with UK pension payments in a post-Brexit world. He said the Bank of England has estimated that there are about 38 million pension and life policyholders who will be affected by this issue. “However, there has to be a solution to this before March as there will be many expats worried about how to get their monthly pension payments. “In the meantime, I hope that this does not lead to this issue becoming a sales aid for knee-jerk and inappropriate Qrops sales,” Lean said.