Do you want to discuss boring politics? (30 Viewers)

Sky_Blue_Dreamer said:

For those on limited means and finishing work (thus removing their source of income), when they use the pension pot to buy an annuity. They can't afford to wait for the pot to recover, neither can they take the risk of having an unsecure return based on market fluctations. So they have to use the amount of money in the pot, at the time it is at a low point, to buy a more fixed, usually inflation adjusted, monthly payment. So those payments, and any tax free lump sum they take, will be smaller as they're having to cash in when the market is at a low point.

Of course, those entering that stage should be having it moved into less volatile instruments to minimise the risk, but that is not always the case and with employer pensions it is often just left to whatever the pension provider decides to invest it in.

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rob9872 said:

Would it be a little selfish to hope it gets resolved soon ... as my pension pot has dipped by £10k? !!

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SkyBlueCharlie9 said:

Yes a bit selfish but understandable. What do you think about the decision to attack Iran with very little strategic planning?

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Marty said:

Mines gone up 5k, it doesn't matter anyway unless you plan on retiring next week.

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