COVID-19 DC member update

You may have seen recently in the news the falls in the global investment markets due in part to the potential spread of COVID-19. You may have also noticed changes in the value of your pension in the Emerson UK Pension Plan (the Plan) due to movement in the underlying investments.

It is likely that the markets will remain volatile for the short to medium term. This volatility may well continue to be reflected in the value of your pension fund.

You should remember that your pension is an investment and will be subject to changes in the markets. How much this affects you will depend on your age and what other pension savings you may have.

If you are not yet approaching retirement, then your pension is a long-term investment and the markets may have recovered before you need to use it. If you are nearer retirement, you may wish to consider the level of risk your investments, and if it is still appropriate for your retirement plans.

Your health

Please continue to follow the advice of the government about your own health. Information can be found at https://www.gov.uk/coronavirus