At Royal London, we’re used to coping with the ups and downs of the stock market. 2018 finished much as it began – with stock market volatility continuing to make headlines. This market update, which you can use to share with your employees, looks at what’s making the market behave this way, and how our investment experts are looking after your employees long term savings.
December was a turbulent month for stock markets, finishing off the worst year since the financial crisis in2008. And Wall Street in the United States had its worst December since the Great Depression. So why is this happening? The ongoing trade dispute between the United States and China, and uncertainty around Brexit have both contributed to a volatile 2018 and a shaky start to 2019.
We expect the market to continue to go up and down in the near future. But it’s not all doom and gloom. There’s still reason to be positive for 2019. The US-China trade dispute seems to have calmed down, which should help. And despite the risk from Brexit uncertainty here in the UK, we expect the economy to grow in the early part of 2019.
While it can be hard to see large market drops, especially if the value of your savings is falling, it’s important to remember that pensions are designed to help you save for the long term. So it’s normal for market performance to go up and down.
We believe all investment options should be monitored on a regular basis, and this is a core part of what we do for our customers. All the investments are monitored on an ongoing basis by our experts to ensure they stick to their objectives. You can keep an eye on how your pension investments are performing by logging into our online service.
If you’re not sure if your investment’s still right for you, you should speak to a financial adviser. Advisers may charge for their services – though they should agree any fees with you upfront.
The below podcast is for information purposes only, it is not intended to be financial advice. If you need help making any decisions about your pension plan, you should speak to a financial adviser. If you don’t already have a financial adviser, you can find one in your area by visiting unbiased.co.uk.
Advisers may charge for their services – though they should agree any fees with you upfront.