Pensions are being hard hit by the corona virus as markets deteriorate. Most people in the UK are completely unaware that their pensions could be worthless very shortly. Those people who bought their homes with an endowment mortgage may find that the home that they have been paying for will end up not being there’s as everything is being devalued.
A temporary blip caused by the Corona Virus?
It’s unlikely this will be temporary and may have a long term affect on the markets. Those who
have access to their pension may make more money by withdrawing it and stuffing it under their bed, or investing it into some cryptocurrency, that’s how bad things are!
Check your pension now!
Check your pension by contacting your provider, ofcourse if you have a provider like PensionBee that allows you to see your pension online you can make a quick view of what is going on. I have contacted them today with regards to my pension losing money.
Are the markets really crashing?
This is worldwide instability. This will wipe out companies, small and large investors and companies alike, no action from the governments will be able to stop it unless a cure is found for the coronavirus and fast.
Don’t worry about your toilet rolls, worry about your finances!
Be First to Comment