Why you need to review your pension now

Covid-19 and lockdown have affected every aspect of life and sent the UK into a very real – although hopefully short term – recession.

This has had many of us worrying not just about our current finances, but about the effect on our pension pots. Even if we can afford to keep contributing to our pension funds (and we should if we possibly can) we might be worried about the effect of the downturn on the pension savings we have already made.

After all, pension pots are invested in the stock market and elsewhere to grow, and if the stock market takes a hit, so do our pension savings.

Speak to us today

If you have worries about your finances in the wake of Covid, contact us for some free initial help.

At Continuum, we believe that your pension is too important to leave to chance.

Things are already getting better…

Panic is rarely a sound tactic, and particularly dangerous when you are looking at your pension. Pensions are long-term investments that ride the highs and lows of stock markets. The longer your money stays invested, the longer it has to recover from any dips.

The stock markets are still volatile, but they have come back up a long way from the depth of last March. There is every chance that your pension pot has already started to recover – but of course, your pension is too important to leave to chance.

You need to stay in control – with a pension review

The outlook for your pension plans might not be as dark as you might have feared a few months ago, but it still makes sense to get a clear picture of how your pension pot is doing – and whether you can look forward to the kind of retirement you planned.

You might feel that your investment strategy or attitude to risk should be updated to reflect this new world.

But it might not just be the world that has been changed by Covid. Your own priorities may have moved on. The experience of working at home may have you thinking more about spending more time with the family and less at work. You may want to think about retiring earlier than you originally planned. You will need to look at your pension plans in a new light.

At Continuum we can provide the expertise you need to make the most of your pension. We can provide a full pension review and ensure you can look forward to the kind of retirement you want.

Call us

We can provide a full review of your current pension arrangements to help you make the most of your pension pot. Call to book an appointment today.

The information contained in this article is based on the opinion of Continuum and does not constitute financial advice or a recommendation to suitable retirement strategy, you should seek independent financial advice before embarking on any course of action.

The value of investments can fall as well as rise and you may get back less than you invested.

A pension is a long-term investment. The fund value may fluctuate and can go down, which would have an impact on the level of pension benefits available. Pension income could also be affected by interest rates at the time benefits are taken.


Book a Meeting

If you want to get a free consultation without any obligations, fill in the form below and we'll get in touch with you.

    Sign-up to our free weekly online publication

    How can we help you?
    Scan the code