As global markets crash, is now the time to cash in your pension? (Image: Reuters)Get money updates directly to your inboxSubscribeSee our privacy noticeMore newslettersPension experts said the message should be “don’t panic” amid the uncertain economy, and savers should consider taking advice if they are planning to take money out in the near future.Tom McPhail, head of retirement policy at Hargreaves Lansdown, said: “For long term pension investors who may be seeing the value of their retirement savings falling today, the key message is to do nothing unless you have to.Cost of your foreign holiday soars as pound plunges to 30 year low after BrexitTraders from ETX Capital work in central london on June 24, 2015 following the announcement of the EU referendum. London stocks plunged in early deals on Friday but pared losses significantly as British Prime Minister David Cameron announced his resignation after Britain voted to leave the EU”We are likely to experience a period of volatility in the markets and uncertainty in the wider economy. In these conditions, acting in haste is unlikely to serve well.
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