With the Coronavirus (COVID-19) crisis escalating and the FTSE 100 experiencing its worst day of trading in 30 years, pensions specialists are encouraging the general public, or anyone with a personal pension, to seek professional advice from a regulated independent specialist.
Despite most major stock markets experiencing significant losses and many people increasingly concerned about the decreasing value of their investments, it is not the time to worry or panic, and to undertake a free pensions review with an expert who can advise on the different options that are available even during this turbulent time, without the same emotional attachment.
Senior financial advisor at Hilltop Finance, Chris Leavy, explains: “Over recent weeks the escalating situation with the current Coronavirus pandemic has had a huge impact on the worldwide stock markets.”
With most personal pension funds directly linked to the financial markets, many individuals across the UK and the world have seen the value of their funds drop dramatically and are rightly concerned about what action to take.
“We are recommending that anyone with a personal pension should undertake a professional review with an advisor, to assess their individual situation, look to alleviate any potential further losses and ultimately
get their pension and investments back on track,” he said.
Market volatility is not new and the worldwide stock markets regularly go through peaks and troughs which is only to be expected.
So, what can people do?
According to Chris, now is a good time to review your pensions and investments with the help of an expert: “In situations of market volatility, we recommend checking the performance, value and type of funds that you are invested in,” .
If you are thinking about taking financial advice in relation to any pensions and investments, please contact Hilltop Finance on 0161 413 7051 or visit www.hilltopfinance.co.uk
Hilltop Finance is a fully regulated by the Financial Conduct Authority (FCA) and takes responsibility for overseeing its clients’ pensions and investments extremely seriously with a view to securing their long-term financial future. It is offering a free independent pensions and investments review for anyone concerned about their current situation to check whether existing private pensions and investments are performing as they should be – and if not, their expert advisors will offer advice and recommendations to get them back on track.
Blog note – With the constantly changing landscape, I thought it is prudent not note this was written on the 16 March 2020. The blog above was not sponsored, but is promotional in it’s nature.