Volatility and My Pension – Don’t Panic!

Financial Markets have been very volatile due to high energy prices, war in Ukraine, soaring inflation, cost of production and the threat of higher interest rates. So, how does this effect your pension and your retirement plans?

It very much depends upon when you wish to retire. If you plan to retire in 2022 or 2023, you should ensure that your pension fund is in low risk assets with just a small exposure to risky assets such as equities. However, if you have some years to go before retirement you will most likely have enough time to recover from the recent falls and make gains in the value of your fund on the back of increasing market values.

Talk to us today about your retirement plans, pensions, investing and making the most of tax free investing.