Sixty second summary
DC savers and the economic impact of coronavirus
16 Mar 2020
The dramatic drop in equity markets from the impact of Covid-19 compounded by the crude oil price war in the last week has been followed by a global response of DON’T PANIC. The same message could apply to pension savers. Helping them see why this is the case could help soothe nerves.
In this sixty second summary we consider:
- What is the potential impact on DC savers?
- Have default investment strategies worked under stress?
- What are the key messages to communicate to DC savers?
- What else can help DC savers?