Independent Financial Life Planners Bishop's Stortford: Pension funds ups and downs

Wednesday, 27 July 2016

Pension funds ups and downs

Enable’s experienced IFAs in bishops Stortford have seen turmoil and uncertainty in the global markets before and we all know that pension funds have had a bit of a bumpy ride since Brexit but investment markets have since come back to levels higher than pre-Brexit and many funds will have picked up again although Sterling is still devalued.

“We’ve seen wild swings in the stock markets in the last few weeks, with big dips, but things have settled back to levels before the referendum.” Said Andrew Tully, pension’s technical director, from Retirement Advantage. “None of us knows what is around the corner, but when it comes to your pensions, don’t panic. "Markets will always go up and down, but remember you are investing for the longer-term, so this should help smooth the journey.” With more rocky times ahead there are likely to be big dips and gains to pension funds and it would be easy to be concerned by this. But

“For many pension customers the simplest answer is to stay calm and not to rush any decisions.

"Market falls only become real losses when assets are sold, so hanging on in there may be the best option, especially for those more than a few years away from retirement.”

The closer you are to retiring, the more worried you are likely to be about having enough money and making it last foe as long as you need it. Enable’s IFAs know retirees want to be able to pay the bills, enjoy their retirement and protect themselves and their family so if you want to talk through your options we are here to help.

Source: The Mirror

Issued by: Enable Independent Financial Life Planners •  25c North Street, Bishops Stortford, Herts CM23 2LD • Telephone: 01279 755950 - Fax: 01279 657339 Enable Independent Financial Life Planners is a trading style of Enable Independent Limited is authorised and regulated by the Financial Conduct Authority. It is important always to seek independent financial advice before making any decision regarding your finances. If you would like any assistance, please contact us. NOTHING CONTAINED IN THE ARTICLES SHOULD BE CONSIDERED AS GIVING INDIVIDUAL FINANCIAL ADVICE

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IFA Bishop's Stortford

At Enable Independent we know that our clients trust us and rely on our advice to help them to plan a better, more secure financial future. This is a responsibility that we take very seriously especially because we know that many clients have chosen us on the recommendation of friends and family. Each one of our advisers has deep expertise in their area of specialist knowledge and, as a team, we hold some of the highest qualifications available in the financial advice industry.

Our job satisfaction comes from using our skills to find workable, affordable and flexible solutions to meet our clients needs. Whether we are planning for known future funding requirements such as house purchase, school fees or income in retirement - or for the unforeseen such as job loss, long-term illness or early death, our independence from any product provider enables us to view the marketplace impartially. Our training permits us to look beyond a product's marketing hype and select on the basis of its fitness for purpose.