This video has been prepared for our clients by Hymans Robertson LLP, and is based upon our understanding of legislation and events as at October 2008. It is designed to be a general summary of topical investment issues and is not specific to the circumstances of any particular employer or pension scheme. The information contained in the podcast is not intended to constitute advice and should not be considered a substitute for specific advice in relation to individual circumstances. Where the subject of this podcast involves legal issues you may wish to take legal advice. Hymans Robertson LLP accepts no liability for errors or omissions. Your Hymans Robertson LLP consultant will be pleased to discuss any issue in greater detail.

 Please note the value of investments, and income from them, may fall as well as rise. This includes equities, government or corporate bonds, and property, whether held directly or in a pooled or collective investment vehicle. Further, investments in developing or emerging markets may be more volatile and less marketable than in mature markets. Exchange rates may also affect the value of an investment. As a result, an investor may not get back the amount originally invested. Past performance is not necessarily a guide to future performance and Hymans Robertson cannot guarantee the financial security of other organisations.