Getting on with life in a changeable world

Whatever's going on in your world right now, it's important to remember that your workplace pension is a key part of planning for your financial future.

Over the last few years, we've seen uncertainty in financial markets caused by the COVID-19 pandemic, invasion of Ukraine and the rising costs of goods and services. This has led to volatile market conditions. However, history shows that markets do recover from all sorts of circumstances. It’s important to not make rash financial decisions in the heat of the moment about long-term investments.

At Legal & General, we're in your corner and you can be sure that our fund managers are continuing to work with their teams of economists, strategists and analysts to expertly manage your savings.

Case studies

Your pension is a tax-efficient, long-term savings plan. Typically, you save into a pension over many years, all whilst working and facing life’s financial challenges.

The cost-of-living crisis might lead you to consider using your pension contributions or savings to ease any current financial burdens. Perhaps you’re wondering if your monthly contribution could be better spent elsewhere. Or is it time to use some of your pension pot to pay an unexpected bill?

Let’s look at some example case studies and some of the questions each person might consider when deciding what to do.

There are no right or wrong answers in the above case studies. Pensions are designed to be flexible to help people to save and fund their retirements. Savers can choose when they start, stop or increase contributions. People accessing their pension pots have more choice than ever in the way they can use their money.

Please always consider accessing the help and guidance available when it comes to your pension.

Manage Your Account

If you want to make changes to your policy, you can do this by logging in to Manage Your Account. You’ll also be able to contact us through our Secure Message Centre.