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My pension pot has lost £5,000 in 12 months
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Flomackjimbo
Posts: 1 Newbie
Hi, I have been informed that my pension pot, which I was hoping to take when I retire a 66 in January.
Has lost £5,000 in value.Can this be correct?
Has lost £5,000 in value.Can this be correct?
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Comments
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What is the total pension value? What is your pension scheme and what it is invested in for a start?
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If it is from the total "pot" and DC then, yes, it can be correct...but too little info to be sure it is.
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Has lost £5,000 in value.Can this be correct?
Certainly can be correct. We had someone who's pension dropped £200,000 earlier in the year.
However, without any context we cannot really say. What is your value?
£5000 against a £100,000 pension is nothing. £5000 against a £10,000 is very large.
I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0 -
If your pension has a high percentage of UK equity in the portfolio, it could have dropped a lot in value, but as indicated above more detail is needed to comment further.0
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I suspect the OP will never reply , but I could be wrong2
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Another first time poster!!Albermarle said:I suspect the OP will never reply , but I could be wrongPlan for tomorrow, enjoy today!0 -
....I wish mine had only lost 5k!!
.."It's everybody's fault but mine...."1 -
Who probably doesn't realise that failing to reply within a couple of hours of making their first post will mean others leap to judgement. Give it a day or two; not everyone is glued to this forum.cfw1994 said:
Another first time poster!!Albermarle said:I suspect the OP will never reply , but I could be wrongGoogling on your question might have been both quicker and easier, if you're only after simple facts rather than opinions!0 -
S&P 500 has dropped 4.94% this week alone.Audaxer said:If your pension has a high percentage of UK equity in the portfolio, it could have dropped a lot in value, but as indicated above more detail is needed to comment further.0 -
It is more the way the question was phrased , but let's see .Marcon said:
Who probably doesn't realise that failing to reply within a couple of hours of making their first post will mean others leap to judgement. Give it a day or two; not everyone is glued to this forum.cfw1994 said:
Another first time poster!!Albermarle said:I suspect the OP will never reply , but I could be wrong1
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