13/03/2021
UK Defined Contribution Pensions have taken a hit since 2016 (Brexit Referendum) and only got worst last March (COVID-19 sell off).
A large portion are invested predominantly in UK assets which have performed significantly poor when compared with other major developed markets. The FTSE100 is still currenly -8.2% over the last 3 years.
When you see phrases like...
“The market crash last March meant I need to wait for my pension to recover before I retire”
You question why people are not taking an active approach to ensure they safeguard there future by speaking to a professional about their options. The article below expresses how thousands feel they are underprepared.
Thousands will reach the state pension age this year but many are reassessing the future