Pensions advice 'important in times of volatility'
Financial markets are set to remain turbulent in the coming months, according to a poll of financial advisers.
Research conducted by the annuities division of Liverpool Victoria (LV=) found that nine out of ten (87 per cent) financial advisers expect the markets to be rocky in the months ahead - news that may well interest those investigating pensions options.
According to Ray Chinn, head of pensions at the firm, the Financial Services Authority has indicated already that conditions in the investment markets could worsen over the coming year.
However, he reassured pension holders by saying: "It is important to remember however that financial advisers play a vital role in building peoples retirement portfolios through both good and bad times."
Meanwhile, in recent days Mercer has stated that pensions are unlikely to be impacted upon significantly by the current crisis given that the funds invest with an eye to the long term
This means that short-term volatility is likely to be balanced by periods of stronger trading in the future.
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