Silvers nearing retirement may put off raiding their pension pots until market volatility sparked by President Trump’s tarrifs has cooled, one expert has predicted. “We could also see more people opt to go for a guaranteed income through an annuity”, said Helen Morrissey, head of retirement analysis at financial advisers Hargreaves Lansdown. Annuities were offering good value now and were the highest since unisex annuity rates were introduced in 2012. But she stressed that pensions were a “long term game,” warning that making “knee jerk reactions”, such as changing investment strategy or cutting back on contributions, ccould crystallise losses and make it harder for funds to recover. “It’s important to make sure that your strategy is well diversified to protect your pension from these ups and downs,” she said.
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