Those taking advantage of the pension freedoms or with workplace pensions and approaching retirement can breathe a sigh of relief, as global stockmarkets have regained their poise and shaken off the heavy losses experienced during the final three months of 2018.
As a result, occupational pension funds have bounced back, more or less recovering from the biggest quarterly losses racked up since the global financial crisis. Figures from Moneyfacts show the average pension fund fell by 7.3% in the final three months of 2018, but in the first quarter of this year produced gains of 6.7%.
The falls and subsequent rebound […]
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