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.
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.
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.
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.
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.
Over 50 Life Insurance, Funeral Plans or Life Insurance bought directly from Royal London after 2014.
Information and guidance for customers who have bought Over 50 Life Insurance, a Funeral Plan or Life Insurance directly from Royal London after 2014.