Financial markets volatility
The trustees continue to monitor the state of the markets carefully, as the ongoing Covid-19 related economic impacts unfold. Share prices in many markets have recovered but may see volatility return before the pandemic is beaten.
The trustees would again point out to members with many years to retirement that shorter-term market movements rarely undermine long-term savings accumulation to a meaningful degree. If you are nearer retirement and in a growth strategy, you are not likely to be as exposed to the market volatility given the switch into lower risk assets that takes place in the years approaching retirement. We therefore urge members to make a balanced evaluation of their circumstances when making any changes to their investments