As you are no doubt aware there has been significant market volatility over the past six months or so. Significant falls in various asset prices have resulted from the after-effects of COVID-19, Russia’s invasion of Ukraine and the ongoing war, and huge rises in inflation. The impact of these on your pension fund may be significant.
This volatility may have affected the value of your pension fund. Many members are naturally concerned about this. As Trustees we would like to remind you that your pension fund is a long-term investment and that decisions made in haste are rarely good ones. Whilst past performance is no indication of future performance and this can in no way be guaranteed, long-term history shows that stock market shocks tend to be short-lived with historic losses being recovered, often to historic highs.
For those members still some way from retirement, stock market falls and volatility can allow members to buy more units at a lower price which should increase in value before retirement.
If you are planning to take benefits in the next 3 - 5 years you probably made your investment choices some time ago based on your circumstances at that time. You may wish to review those choices and as Trustees we would always recommend that you take professional financial advice or seek guidance from the Money Helper organisation who offer a service called Pension Wise that assists those with retirement savings when considering their retirement options. The following links may be useful:
Pension Wise: free pension guidance | MoneyHelper
You can check the value of your fund and your investments, which can be switched free of charge, on our website: www.hartlinkonline.co.uk/svenska. You need to log in to access your personal details.
Please note that neither Capita nor the Trustees are able to provide financial advice but we would highly recommend that you seek independent financial advice if you are not sure of the best way to proceed.
Finding an adviser | FCA