MyCompanyPension.co.uk - Helping members of occupational pension schemes to better understand their benefits.

23rd May 2018
:: Blog | January 2009 (12 blogs) | Standard Life Pension Sterling Fund: when 'cash' is not king

 
MyCompanyPension is not responsible for external links or websites, or the content or material that they may display.
Some pages may have been updated since they first appeared, whilst others may have had titles changed by the host publication or website.
 
 
 
Standard Life Pension Sterling Fund: when 'cash' is not king 
 
When Standard Life wrote-down their Pension Sterling Fund by 5% recently, I wonder whether they knew what kind of backlash to expect from investors. According to the media articles listed below the average investment of £19,000 will have lost around £1,000. That’s a loss that would raise most heads - even in today’s unstable market conditions.
 
But to make the ‘correction’ all in one week beggars belief - especially when it appears that most investors seem to have considered this to be a ‘safe, no risk’ investment. One lesson learned by investors in the current recession is that cash is not as safe or risk-free as many had thought it to be.
 
For anybody involved in pensions there is a lesson to be learned from this and I’d recommend if you have 10 minutes (get a cup of coffee first), that you read the gathering angst on the forum thread on MoneySavingExpert.com.
This story has a long way to go yet! See:
Mike Jones, MyCompanyPension.co.uk, 19th January 2009
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

© MyCompanyPension.co.uk Ltd – 2018