Market volatility hits pension prospects of millions
Older retirement savers are being urged to review their pension strategies as market volatility leads to big losses for millions of savers in workplace retirement plans.
Savers logging on to check the value of their automatic enrolment workplace pensions are confronted with falls of 10 per cent or more in the value of their funds.
Millions of people in the UK are saving into workplace pension funds where the size of the eventual retirement pot depends on factors including how much is paid in and the fund’s investment performance.
This story originally appeared on: Financial Times - Author:Josephine Cumbo
