Managing Your Money 

Protect your retirement savings from the coronavirus

Protect your retirement savings from the coronavirus

Many people's financial security in later life has been thrown into question following sharp drops in the value of pension funds, as markets plummet due to the coronavirus crisis. And many companies are axing their dividends to conserve cash, meaning that those in retirement who rely on these for income may face a reduction. But with some prudent management, you should be able to mitigate the effects of the current market storm. Markets tend to recover over the longer term, so with the right strategy you don't need to realise large losses.  

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