Managing your finances in difficult times

We've pulled together lots of useful information to help support you to manage your finances and wellbeing during this challenging time.

Visit Managing your finances section about Managing your finances in difficult times

What this means for your pension

As the situation continues to unfold, you can feel assured that our investment experts are continuously monitoring the markets, keeping a close eye on your pension investments and making any changes we feel necessary in response to market events.

In these situations it is important to remember that pensions are long term investments. It is very normal for the value of investments to go up and down. Although not guaranteed, history shows us that values generally go up over the longer term, despite this short term volatility.

Making decisions based on what’s happening in the short term can be a risky thing to do. It might be tempting for example to move investments into cash for a while – but in doing that, you might miss out on the point when the value goes back up - so you could lose out in the long term.

If you’re thinking about switching investments, or if you’re taking money out of your pension, we strongly recommend that you speak to your financial adviser to consider your options thoroughly before taking any action.

For more information about how stock market changes can affect your retirement savings, read our latest market update.

Customer information and guidance

We know that this is a difficult and uncertain time for everyone and are doing everything we can to support you. To help you understand how the coronavirus outbreak might impact you as a Royal London customer, we've pulled together the key information our customers have been asking us for.

Pensions

Royal London pensions taken out since 2004 OR Scottish Life pensions

Support and guidance for customers with Royal London pensions taken out since 2004 OR Scottish Life pensions.

Read support and guidance about Royal London pensions taken out since 2004 OR Scottish Life pensions

Customers with pensions taken out before 2004, investments and RLUM ISAs

Information and answers to frequently asked questions for customers with pensions taken out before 2004, RLCIS investments and RLUM ISAs.

Read FAQs about Customers with pensions taken out before 2004, investments and RLUM ISAs

Life, illness and income insurance or Savings

Life products taken out since 2004 through a financial adviser

Support, guidance and answers to frequently asked questions for customers who took out an insurance plan with a financial adviser.

Read support and guidance about Life products taken out since 2004 through a financial adviser