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You may be concerned about reports of market turbulence as a result of the Russia-Ukraine conflict and how this might affect the value of your pension savings.
Although there has been some turbulence in the stock markets, your pension continues to be managed as normal. The People’s Pension structures its investments to manage the risks caused by events such as the Ukraine crisis. We believe the best way to mitigate risk is to invest across the world in a diverse portfolio of assets and this helps us limit the impact of any single event on our members’ pension savings. As a result, only a very small proportion of our scheme assets are invested in Russia or in Russian companies. These investments are under review.
For more information, see Will the Ukraine crisis affect my pension?
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If you have a question, please:
- Find the answer on our coronavirus webpage, where we’ve gathered lots of helpful information to support the most common enquiries we’re getting from members, employers and advisers at the moment.
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Please note, our opening times have temporarily changed to Monday to Friday, 9am-5pm. We’re currently busier than usual and so you might need to wait a little longer to get through to our team. We’re sorry for any inconvenience.