How will Brexit affect my Pension Plan?
It is likely that if we ‘crash out’ without a deal that this will have a bad effect on the UK economy, and this may mean that the value of the UK stock market will fall. Part of your pension fund is invested in the UK stock market so this means the value of your pension fund may fall.
Those close to retirement will have less invested in the UK stock market so their plans should be reasonably well protected. For younger investors you must remember that your pension plan is a long term savings arrangement. over time the value of the stock markets will increase and, in the meantime, each month you buy units at a low price which in turn will increase in value over time.