I am concerned about the impact of COVID-19 on the value of my pension plan – what can I do?
We understand that you may be concerned about recent investment market falls. You should take time with your Financial Broker or Financial Advisor to review and refine your current retirement strategy, rather than making a sudden decision.
What can I do to protect the value of my pension from this market volatility?
During turbulent times such as now and the impact the COVID-19 pandemic has had on investment markets it is worthwhile bearing in mind the five principles of long-term investing:
1. Stay disciplined
2. Volatility is part of investing
3. Keeping money in cash is not the long-term answer
4. Over the long-term, holding money in riskier assets is rewarded
5. Diversify, diversify, diversify
Our investment experts have produced information on the five principles which we hope you find useful. For more click here. Before making any decision you should speak to your Financial Broker or Financial Advisor who will help you to review and refine your current retirement strategy.
Can I find out the value of my pension plan online?
Yes you can once you have your sign-in details for the Zurich Client Centre. To sign-in or to request your login details, click here.
Can I reduce or stop my pension contributions?
If you are unable to pay your pension contributions you can reduce or stop your contribution at any time. You can also take a contribution holiday of up to 12 months (or three months if you have paid less than 12 months’ contributions). If you take a contribution holiday, your contributions will automatically restart at the end of the holiday, helping you to get back on track for your retirement.