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My pension pot has lost £5,000 in 12 months
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My pot had dropped quite a bit - but has now made 4.4% this year - so I am quite happy with that.We’ve had to remove your signature. Please check the Forum Rules if you’re unsure why it’s been removed and, if still unsure, email forumteam@moneysavingexpert.com0
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And I thought one of my pension pots dropping from £34500 to £33000 in the last year was bad0
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AdamBrunt said:And I thought one of my pension pots dropping from £34500 to £33000 in the last year was bad
Taking into account the most recent drops , it would not be so unusual for a pension pot to be down a few percent over 12 months . Or up a few per cent , or about level . It depends exactly how it is invested.
Also in the nature of investing the pots that are down over the last 12 months , may do better over the last 12 months .
In fact one year is a too short a time scale to draw any significant conclusions.
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A lot of the statements sent out in June actually had April valuation points. Hopefully, those people would be getting their October statements by now. However, its really only platforms that do quarterly statements. The rest either do annual or half yearly.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.1
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Is it still half term?0
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