With troubling signs in the global economy, Matt Tucker, Investment Analyst at Quantum, stresses that we must do what we can to ensure people do not lose faith in the value of their pension.
While concerns about an imminent recession may be premature, a marked slowdown in output growth in both the UK and eurozone, as well as building inflationary pressures in the US, do not bode well.
In the short term, a significant downturn is likely to be postponed by accommodative monetary policy in the UK and eurozone, and expansive fiscal policy in the US.
But pension schemes must be aware of the growing risks and be prepared to act should conditions warrant it.
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