The pandemic has had a major impact on stock markets across the world. There were significant falls in share prices when the economic impact of lockdowns became apparent. In contrast, prices rose sharply when there was positive news about vaccines. Further movements are inevitable as the situation develops and no one can say for certain how markets will perform in the coming months.
We understand that this may be unnerving, but you should bear in mind that pensions are a long-term investment. Over the years, markets have faced considerable challenges but in the longer term we have typically seem them rebound from periods of volatility. On the other hand, it’s important to remember that past performance is not a guide to what will happen in the future.
It is a good idea to review your pension savings on a regular basis to make sure that they are right for your retirement goals. If you are unsure about whether your investments are suitable for your particular circumstances, or you need advice on any of the options available to you, we recommend that you speak to an authorised financial adviser.
To find out more about the investment options available through your pension plan, log in to PlanViewer.
For more information on this topic, please see our guide Your pension and the stock market.