The UK is due to leave the European Union
The UK is no longer a member of the European Union. Both the UK and the EU have now entered into a transition period, during which time the UK’s trading relationship with the EU will remain the same and the UK will remain aligned with EU rules. Unless there is an agreement to extend the transition period before 30 June 2020, there are 11 months for a trade deal to be agreed and ratified.
At present, there is a lack of certainty surrounding the terms of such a trade deal, and whether a comprehensive trade deal could be agreed and ratified within this timeframe. However, we will continue to monitor the situation to ensure that we are prepared for all Brexit scenarios and to keep any impact on our customers to a minimum.
At the moment we don't expect to make any changes to the way your products work, how we service them or how we contact you. If that should change, we will contact you first to explain.
We will update this webpage with any developments on the Brexit process, and how these may affect you.
For further information about how Brexit will affect you:
Yes, your money is protected by the Financial Services Compensation Scheme and this protection will still apply following Brexit. For further details, see: https://www.fscs.org.uk/.
Currently, we don’t anticipate making any changes to the way our products work or how we service them.
Currently, we don’t anticipate making any changes to the way your account is serviced. However, our products are only available to individuals resident in the UK for tax purposes or Crown employees serving overseas and their spouses.
We are continuing to monitor regulators across the EU Member States to identify whether any changes will need to be made to how we service your account. Currently, we are not aware of any changes that could impact on how we service your account. However, our products are only available to individuals resident in the UK for tax purposes or Crown employees serving overseas and their spouses.
Currently, we don’t anticipate making any changes to the way we contact you subject to any changes being imposed by the relevant EU regulators where you reside.
We will contact you if we need to make any changes to our products or how we service them. Any updates will also be posted on this webpage.
We may be able to help you find a way to manage your difficulty in making repayments, but we would need to understand your financial circumstances. Please contact us as soon as possible on 0330 333 4020. Our opening hours are 9am – 5pm on Monday, Tuesday, Thursday and Friday, and 9.30am – 5pm on Wednesday.
Despite the uncertainty surrounding the terms of a potential trade deal between the UK and EU, we're confident that we can deal with any negative consequences that it there may be for us and the UK economy. Our preparations have been driven by the need to continue to act in the best interests of our Members. We've considered a range of different scenarios and our strong financial performance means that we are well-placed to weather any sudden economic changes. However, we are not complacent and we will continue to monitor political and economic developments to ensure that we are doing all we can to prepare for Brexit whether or not a trade deal is signed and ratified.
Useful Brexit Links
Pam y Principality?
- 6ed cymdeithas adeiladu fwyaf y DU
- Cymdeithas adeiladu gydfuddiannol, sy’n eiddo i’n 500,000 o aelodau ac yn cael ei rhedeg er eu lles
- Dros 150 mlynedd o brofiad
- Gofalu am werth dros £10 biliwn o asedau ein cwsmeriaid
- Gall Aelodau fynd at dudalen Gwobrau Aelodau sy’n cynnwys cystadlaethau, gostyngiadau a mwy.
We are covered by the FSCS
Find out more about what it means for you.
Principality. Lle mae cartref yn bwysig.