Once again the last week has reminded us that it’s impossible to predict the future.
Brexit wasn’t expected as we know and amongst the rumour and frenzied speculation that ensued we were bombarded by the media with alarmist headlines like 'markets in meltdown' and 'billions wiped off pensions’ Who wouldn’t be concerned about that?
The natural reaction to headlines like these is to feel we should do something but acting on impulse is exactly what we shouldn’t do. In uncertain times, it’s more important to ignore the media headlines and act rationally.
10 days on from the EU referendum and look what’s happened to the markets. Who knew?
So, what did Brexit really do to your pension fund?
Did Brexit shrink your pension? Markets went into meltdown last Friday following the shock result, but early figures on its impact on UK pension funds make for remarkable reading. Rather than collapsing, many of the giant funds that contain the savings of millions of workers have barely changed, with many going up in value.