Banks and financial turmoil - impact on pension pots?

[55palfers]

As the title really.

Any takers on by how much our pension pots are likely to to be further affected by the current shenanigans?

Mine are down around 3% since early February.

[alscar]

55palfers said:

As the title really.

Any takers on by how much our pension pots are likely to to be further affected by the current shenanigans?

Mine are down around 3% since early February.

Where are they YTD given the largely upwards movements in January though ?

[Pieman68]

Took a decent hit back end of last year, mine had just got back to even keel but has dropped about 2.5% since last week

They're a long term investment. I've got 20 years left for it to correct - it's crap, but unless it turns into a long term thing I'm not overly concerned

[xeny]

Far too many variables to begin to judge - even just the behaviour of equities vs bonds, before you even consider exactly what you hold of each.

[dingg]

Hopefully there's nothing else in the pipeline to create further chaos (I say with everything crossed, fingers in ears, head in sand, and tin foil hat on, just in case, and its a good job we don't have a dog or it would have had its arse kicked off by now)

[jeff m]

Unless you are retiring this week, I wouldn't worry.
It could actually be good time to consider putting a little extra.

I think the reality is that you are more likely to be fxxxxxd by the Government moving the goal posts than the current financial situation.

[55palfers]

alscar said:

55palfers said:

As the title really.

Any takers on by how much our pension pots are likely to to be further affected by the current shenanigans?

Mine are down around 3% since early February.

Where are they YTD given the largely upwards movements in January though ?

Year on year, I'm down almost 5%. Plus 10% inflation losses too I guess

Was planning on taking it this year, I'll be 68.

[alscar]

55palfers said:

Year on year, I'm down almost 5%. Plus 10% inflation losses too I guess

Was planning on taking it this year, I'll be 68.

Mine went down around 8% last year but this year was doing ok until the last month having been +4% and now pretty much flat to where it ended last year.
I’ve not moved any funds around and other than a small amount of drawdown haven’t as such crystallised any loss.
I wouldn’t include Inflation percentages personally as everyone’s circumstances differ so your personal inflation factor could be higher or lower obvs but I think it just masks the issue.
To answer your original question no body knows the actual real answer but it seems to me that the panic over SVB and Credit Suisse has been a little overdone - I’m blaming the BBC as usual.

[Mr Whippy]

Given these are pension pots and likely to be used to ‘consume’ rather than buy assets, CPI/inflation at ~10% is what I’d be more worried about.

Over the long term savings tend to go back up, inflation never tends to run backwards.