We are deeply concerned about the humanitarian crisis unfolding in Ukraine.
We want to help and so we’re donating £250,000 to the Red Cross Ukraine Crisis Appeal. The money raised through this appeal will provide essential support, including food, water and first aid supplies, to those in desperate need.
Mike Adamson, Chief Executive of the British Red Cross:
The Red Cross is responding to the unfolding crisis in Ukraine. People are losing their homes and lives; families are being separated, people are fleeing the country.
Donations will help us reach displaced people in Ukraine and those fleeing to neighbouring countries with food, water, medicine, medical equipment and other essentials. We are hugely grateful for this donation from Royal London.
We’re also committed to looking after your employees’ pension investments as the situation unfolds.
As the crisis continues, we expect stock markets to go up and down and this volatility means the value of pensions may go up and down too. We understand that your employees may be concerned about the impact of this volatility on their pension savings.
It’s important to remember that pensions are long-term investments and it’s very normal for the value of investments to go down as well as up. And, although not guaranteed, the hope and expectation is that pension values generally go up over the longer term, despite this volatility.
Our investment experts will continue to monitor the situation in Ukraine, keeping a close eye on your employees’ investments and making the changes they feel necessary in response to market events.
We’ll continue to keep you and your employees informed of any changes we make.
In our latest video, Trevor Greetham, Head of Multi Asset at Royal London Asset Management explains how the situation is impacting pension investments and how we’re managing this.