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Pension contributions

At time of writing, The Pensions Regulator has noted that both yourself and your employer should continue to make the appropriate payments into your pension scheme. If you feel you may have trouble paying pension contributions, you should contact your employer to find out more about the options available.

 

Experiencing a drop in your pension value

You may also have noticed a drop in your pension savings over the recent weeks. Pension funds invest in the stock market (as well as other assets) which fluctuates on a daily basis, due to a variety of different factors. As has been widely reported, recent developments in the Coronavirus outbreak are having an impact on global financial markets, including stock markets, so this drop can be expected.

Markets are unpredictable, and whilst taking the money out of the stock market right now may be a really good idea if the markets drop further, it may equally be a really bad idea if the markets recover. And just like always with markets, no one knows which of those two eventualities is going to happen. For long-term investors, the day-to-day moves of the stock market on the back of coronavirus should be viewed with caution. Even though it can be difficult to ignore market movements, it is vital to focus on the long term and remember that volatility also presents opportunities.

Please be assured that DAM together with the pension providers are monitoring the situation very closely, however, if you have any specific worries relating to your pension investment, please contact your dedicated DAM advisor for further information and advice.

 

Please note, the information contained in this article is for informational purposes only and should not be construed as individual advice. This information is accurate as at the time of publication, however it is important to remember that information and guidance is currently changing on a daily basis, and the information contained in this document is not exhaustive. The capital invested in your pension can go down as well as up, meaning you may not get back the original amount invested. Please contact Davidson Asset Management is you require any specific individual advice.  Davidson Asset Management Ltd is authorised and regulated by the Financial Conduct Authority.  DAM is a trading style of Davidson Asset Management Ltd.