Expert Pensions

Managing Pensions During A Crisis With 5-10 Years Left To Retire

The COVID-19 crisis has taken everyone by surprise resulting in stock markets being significantly impacted. This is extremely worrying and stressful for all pension investors, both pre-retirement and post-retirement. It is highly recommended that you speak to a pension advisor and review your fund. Only then an appropriate investment strategy can be determined. Market downturns can also be a positive opportunity to enhance your pension investment value.

Approximately 62% of workers in Ireland are members of a Defined Contribution (‘DC’) pension scheme. This is where your contributions are paid into a fund that invests in the stock market. Funds typically achieve investment growth over the long term; however, in the short to medium term, the investment value can rise and fall due to global economic events such as COVID-19. The stock market has performed extremely well over the past 10-12 years whereby investments have achieved higher than average returns.

Here’s our advice for anyone who has 5-10 years to retirement:

  • Your pension fund value could have fallen by approximately 25%+ in recent weeks if heavily exposed to equities.
  • Time is still on your side for the markets to improve and your pension value to recover.
  • It is recommended that you speak to a pension expert to ensure your investment fund choice is in line with your risk appetite and risk tolerance.


  • Increase your regular contributions and take advantage of cheaper unit prices in the market.
  • A fund switch may be relevant to maximise your recovery.
  • Deferring your desired retirement date if necessary.

Making premature decisions without knowing all your options can result in further negative impacts to your pension fund value. Expert Pensions will understand your overall circumstances, review your pension fund(s) and outline all appropriate options for your consideration.