Have the pensions been relocated from one company to another , plus it would seem my pot has decreased by 10% in the last week or so also, does that sound correct .
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"Global markets are down due to the coronavirus so your pension pot will be down too. It will recover with time"
I think I pre-empted it :) , and thanks all for replying all..........
You do know what they do with the pension money don't you?
https://www.barrons.com/articles/stock-market-dropped-more-than-10-what-history-says-happens-next-51583165570
Global markets are down due to the coronavirus so your pension pot will be down too. It will recover with time.
Your pension should not have been moved without information being provided to to you.
Can't comment on the fCSC Pensions, but the (Defined Contribution - HP(E) still had some longer serving employees on Defined Benefit (aka Final Salary) pensions) fHPE pensions are now with Scottish Widows, having moved from Zurich some time ago (maybe a year?).
Markets have tanked in the last few weeks, most peopled pension funds will be down a lot, that's market fluctuations rather than being moved to a different provider.
It did change a while ago though. At least for legacy hpe...
Maybe you've not seen the news! Stock market crashed last week so pension pot 10% down sounds about right. Don't think the provider has changed recently.