|Will stock market falls wipe out my pension pot
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|Author:||admin [ Wed Jan 27, 2016 8:48 am ]|
|Post subject:||Will stock market falls wipe out my pension pot|
I'm worried the market crash will harm my pension. How much do big stock market falls affect individual pension pots - and is there anything I can do except watch and wait, and hope for the best?
replies: Your pension will be invested at least partly in stocks, which are bound to have taken a hit during this time of market turmoil.
But just how much damage this is doing depends on your pension scheme. If all or most of your savings are in a traditional final salary pension fund, where your income is guaranteed in retirement, you are unlikely to be affected. Read more
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