You may have seen news about recent global events and the impact they are having on financial markets. Periods like this can feel unsettling, particularly when you see short term changes in investment values.

Your pension is invested with a long term time horizon in mind. Short term market movements – both up and down – are a normal feature of investing and have occurred many times in the past, including during periods of economic or geopolitical uncertainty. History shows that markets have recovered from periods of volatility over time, although this cannot be guaranteed and values can fall as well as rise.

Depending on how old you are and how close you are to retirement, this will have a different impact on your savings.

For younger savers, it’s likely that your savings have gone down, but you typically have more time to ride out short term market movements. For those closer to retirement, or even in retirement, unless you have chosen your own funds, your savings are invested in a way designed to help manage the impact of rapid changes in the market.

Pensions are a long term investment, and we’ve seen fluctuations like this before. So regardless of your age, we would suggest that you allow yourself time to review your options, as it is easy to make hasty decisions and change how your savings are invested.

Neither SEI, the Trustee nor the administrator team can give you any financial advice as to what actions are right for you. However, you can contact an Independent Financial Adviser who will be able to help.