GBP140bn Slashed Off Pension Values
Published / Last Updated on 18/02/2009
£140bn Slashed Off Pension Values
A report by Aon consulting has suggested that a massive £140bn has been wiped off the value of defined contribution (money purchase) pension plans since the start of the credit crunch.
Defined Contribution Schemes are investment linked schemes where the value of your pension fund can rise as well as fall and is linked to the market.
We suggest that the majority of Britons now face a real dilemma with their pension funds and should take a more proactive approach to their retirement and review it at least once a year with a professional, independent financial adviser (IFA).
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