Hi All
As one moves towards retirement I have heard that it would be wise to de-risk one’s portfolio by incrementally moving a higher proportion of the accumulated pension fund into cash to offset the effects of a stock market crash close to the retirement date.
I understand that pension fund managers would usually spread their cash deposits across a number of different international banks.
Does anyone know whether pension funds held in cash at a bank would be subject to a ‘bail-in’ in the event of a bank failure?
Also, is the cash held under the beneficiary’s own account, in which case they could possibly benefit from any Depositor Guarantee scheme, or is the cash held by the pension fund itself?
Many thanks in advance.
LT
As one moves towards retirement I have heard that it would be wise to de-risk one’s portfolio by incrementally moving a higher proportion of the accumulated pension fund into cash to offset the effects of a stock market crash close to the retirement date.
I understand that pension fund managers would usually spread their cash deposits across a number of different international banks.
Does anyone know whether pension funds held in cash at a bank would be subject to a ‘bail-in’ in the event of a bank failure?
Also, is the cash held under the beneficiary’s own account, in which case they could possibly benefit from any Depositor Guarantee scheme, or is the cash held by the pension fund itself?
Many thanks in advance.
LT