How up to date are fund values on pension portals?

NedS

thriftytracey said:

Will the fiscal statement next week affect pension funds (in a drawdown) so mainly bonds and gilts?

Unlikely, as the options on the table have been pretty well discussed in advance, so there are unlikely to be many shocks the markets have not already anticipated and priced in.

GSP

Fund up nearly 2%, so in the circumstances I’m okay with that.

thriftytracey

Sunak said he "has to satisfy the markets"  says it all really about this government - Austerity 2.0 here we come ...

dunstonh

thriftytracey said:

Sunak said he "has to satisfy the markets"  says it all really about this government - Austerity 2.0 here we come ...

We never got austerity in the previous decade.  They said there would be cuts, but many of those cuts got reduced or deferred.  There were some cuts but it was austerity in name only.   Nothing like a true period of austerity.  At least not in a historical sense.

There is something going on though.  Truss's errors can account for a certain amount of money but the so-called black hole being talked about is far bigger and changes by tens of billions every day.   During 2020 and 2021 Rishi Sunak used a different method of accounting for measuring Government debt.   He is now using a different method which makes the debt seem worse.  Under the same method he used in the Autumn statement of 2021, there would be no black hole.     Is Truss being used as a scapegoat?

[Deleted User]

thriftytracey said:

Will the fiscal statement next week affect pension funds (in a drawdown) so mainly bonds and gilts?

Fiscal statements don’t affect funds.  Markets do, and markets reflect inflation and other real-world events. Statements merely report how much you have at a given time.  High quality bonds tend to be less volatile than stocks but are very much a market based asset which can go up and down.