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Scottish Widows - Personal Pension OCIE

rachaeldc7
rachaeldc7 Posts: 1 Newbie
in Savings & investments
Looking for a bit of advice.
I have a personal pension with Scottish Widows.
What are the thoughts right now on how safe it is to leave my money where it is - considering the current climate? 
Am I better off moving the money or leaving it where it is?

Comments

  • dunstonh
    dunstonh Posts: 121,283 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    What are the thoughts right now on how safe it is to leave my money where it is - considering the current climate? 
    Why do you think the current climate is of concern for your long term investing?

    SW are owned by Lloyds bank and as its a personal pension, you will be in insured funds with 100% FSCS protection and no upper limit.

    Am I better off moving the money or leaving it where it is?
    You have told us nothing about where you are invested.  So, we cannot comment.


    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.
  • Expotter
    Expotter Posts: 376 Forumite
    Third Anniversary 100 Posts Name Dropper
    edited 5 August 2022 at 4:04PM
    It doesn't really matter that much who manages your pension, i.e Scottish Widows, what matters most is what your money is invested in, which funds or investments it holds. At the moment all markets are so volatile, that nothing is really considered 'safe', not even cash due to high inflation. 
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