Will recent "events" cause a rethink of DC pensions?

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  • MetaPhysical
    MetaPhysical Posts: 415 Forumite
    100 Posts First Anniversary Photogenic Name Dropper
    SVaz said:
    It really should be viewed as a valuable lesson to everyone who decided to manage their own portfolio,  
    I must have seen dozens of posts on different fora from people shocked/ panicked by the events, who are retiring imminently and had no idea they should have derisked / had a plan / had a more balanced portfolio.
    It didn’t seem to occur to any of them that they would have to sell investments and hold cash in order to be able to draw an income. 
    Do they think it all happens by magic?  
    Agreed.  It was largely you and a couple of others who convinced me to move £100k into a MM fund inside my pension to de-risk a month ago.  Thank god - no blasphemy intended - I followed that advice.  
  • Given the current situation, I believe the vaule on DB pension.  And I have to adjust my investment portfolio,that appropriately reduce the proportion of stocks ..

  • leosayer
    leosayer Posts: 581 Forumite
    Part of the Furniture 500 Posts Name Dropper Combo Breaker
    A lot of flip flopping going on. I said it was exciting.
    In a parallel universe it would be called market manipulation, maybe?
    Feels like that to me.
  • Cobbler_tone
    Cobbler_tone Posts: 844 Forumite
    Part of the Furniture 500 Posts Name Dropper Combo Breaker
    I'm sure as much as some people have lost plenty of money, some closer to the coal face would have made an absolute killing.

    Thankfully 'he who should not be named' has obviously had some sense talked into him and the recovery has started....for now. It may present the opportunity for some to make some of the paper losses back and a chance to reconsider their pension investment options.
  • Mr_Benn
    Mr_Benn Posts: 349 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    Excellent thread, and thank you to those who have contributed to it.
    Im about 3 years away from retirement, and currently stressing about de-risking my relatively small SIIP (part Bonds maybe), or just putting it all in the HSBC Gobal Fund.  This 'crash' has certainly given me more food for thought / frazzled my mind even more !
  • Cobbler_tone
    Cobbler_tone Posts: 844 Forumite
    Part of the Furniture 500 Posts Name Dropper Combo Breaker
    Mr_Benn said:
    Excellent thread, and thank you to those who have contributed to it.
    Im about 3 years away from retirement, and currently stressing about de-risking my relatively small SIIP (part Bonds maybe), or just putting it all in the HSBC Gobal Fund.  This 'crash' has certainly given me more food for thought / frazzled my mind even more !
    You'll get told off for calling it a 'crash'.
    The technical term is a 'wobble'.  :D
  • BikingBud
    BikingBud Posts: 2,459 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    A lot of flip flopping going on. I said it was exciting.
    In a parallel universe it would be called market manipulation, maybe?
    You mean like a Trading Places type bet 🧐

    Who would ever believe it?🫣
  • SVaz
    SVaz Posts: 537 Forumite
    500 Posts First Anniversary
    I’m more concerned by the fact that China holds a £Trillion dollars worth of US Government debt in Treasury bills,  I really don’t understand what it *could* mean but it doesn’t seem good when they are effectively playing a giant financial game of Chicken. 

  • Hoenir
    Hoenir Posts: 6,847 Forumite
    1,000 Posts First Anniversary Name Dropper
    Mr_Benn said:
    Excellent thread, and thank you to those who have contributed to it.
    Im about 3 years away from retirement, and currently stressing about de-risking my relatively small SIIP (part Bonds maybe), or just putting it all in the HSBC Gobal Fund.  This 'crash' has certainly given me more food for thought / frazzled my mind even more !
    You'll get told off for calling it a 'crash'.
    The technical term is a 'wobble'.  :D
    Prefer the term Correction. Markets are not 100% inefficient. Always beset by extremes of optimism and pessimism during economic cycles. 
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