We have had one or two queries from clients expressing concern about their Personal Pension or SIPP following announcements from the Bank of England and reports in today’s news.
The pensions referred to are Defined Benefit / Final Salary Scheme Pensions – these are not what we advise on for our clients. Any ‘rescuing’ would be confined to these. The government ,through the pension protection fund, underwrite those so the Bank Of England is in fact saving the government from future issues and costs.
If anyone has any questions or concerns about their Defined Benefit / Final Salary Scheme Pensions then by all means give us a call.
For clients with Personal Pensions or SIPPs the questions remains are we invested correctly and the answer is simple. We can’t know for sure but having many eggs in many baskets seems the only option, then we just ride it out.