We wouldn’t recommend converting your pension to cash. It is important to remember that your pension is a long-term investment and will see the ups and downs of the stock market over time and should benefit from the expected economic recovery. If you move your monies to cash once the markets have fallen you are crystallising any losses and given the low interest rates, you would find it difficult to recover the value of your pension.

If you haven’t already, this is a good time to make sure that your pension is invested in the right place for you. We can investigate this for you.