The imposition of tariffs by the administration in the United States of America, and the potential that other countries will respond by taking action of their own, has created considerable volatility in investment markets around the world.

It is important to remember that your pension is a long-term investment. It is sensible to review your investment decisions from time to time to ensure they are aligned with your retirement plans. Before making changes to your investments in response to the present situation, we encourage you to think through your decision carefully and consider taking advice from an FCA-regulated financial adviser.

Please be aware that past performance cannot be relied upon as an indicator of future performance.

Scams - don't be caught off guard

The current uncertainty is also likely to increase the risk of pension scams. Criminals operating pension and other financial scams are becoming more and more sophisticated, so it is vital that you are vigilant and take steps to protect your money. Be alert and don't respond to requests for information about bank accounts and login details.

Often scammers try and take advantage of vulnerable individuals and look to make people feel uncertain or confused so they can pressure them into making quick decisions or providing personal information. Many savers and investors may be feeling more vulnerable and unsettled than usual at the moment, so we encourage you to remain alert.