coronavirus and personal pensions

lilactime1936

How long is a piece of string question . But what impact is this going to have on a personal private pension in short and long term ?

[Deleted User]

54568854.00

Username999

Twice as long as half it's length.

Prism

Likely no effect at all

Albermarle

In the last week your pension pot will have gone down a few per cent . Maybe it will go down some per cent in the next couple of months, or maybe not .
Long term markets have always recovered from whatever global crisis is top of the agenda at any particular time. 

Linton

In the long term there will (hopefully) be no effect.  I say "hopefully" because for coronavirus to have a long term effect on the world economy and hence global share prices it would have to wipe out a significant % of the world population with no vaccine or cure available.  In those circumstances perhaps your personal pension wont be the top of your priorities.

Thrugelmir

lilactime1936 said:

How long is a piece of string question . But what impact is this going to have on a personal private pension in short and long term ?

Depends on your personal plans. 

Username999

Albermarle said:

Long term markets have always recovered from whatever global crisis is top of the agenda at any particular time. 

Simply not true.

ratechaser

Lots. Or none. Or somewhere in between.

Albermarle

Username999 said:

Albermarle said:

Long term markets have always recovered from whatever global crisis is top of the agenda at any particular time. 

Simply not true.

I am happy to be proved wrong ,so when did they not recover ?

dunstonh

But what impact is this going to have on a personal private pension
If you mean personal pension then no impact whatsoever.  A personal pension is just a tax wrapper that contains your investments.  It is not impacted by investment returns.  it is the investment you hold within the pension that are impacted by events.
There are close to 30,000 investment options from the whole of market and another 50,000 odd legacy options if you include old fashioned plans no longer available for business.     each will react differently.

However, as far as long term goes, the current events have no impact at all on expectations.