Stockmarket crash & pension fund values

Old_Slaphead

Looked at my pension plan value this morning - crikey!!

Given that the stock market 'crash' will probably mean the final nail in the coffin for any remaining private sector final salary scheme and given that those providing for themselves via a private plan will see their pension pot decimated, isn't it, in the interest of fairness, about time the provision of vastly overgenerous & expensive public sector schemes were brought to the top of the Government agenda.......especially as some of these schemes that are funded and will require additional taxpayer/ratepayer contribution to shield them from the underperformance of the stockmarket/losses on Icelandic bank deposits.

dunstonh

and given that those providing for themselves via a private plan will see their pension pot decimated

Not necessarily. Most pensions are invested in balanced managed funds. Lifestyling funds are also highly popular as well.

Given that stockmarkets crashes are not uncommon and can be a good thing in the early decades for those paying regular contributions, its really only an issue for those that are retiring in the short term who havent chosen to reduce the risk of their investments.