coronavirus financial concerns

Share This Post

Share on facebook
Share on linkedin
Share on twitter
Share on email

Aegon research highlights financial concerns over coronavirus

Aegon has launched a tracker survey to better understand how savers and investors are behaving as a result of the coronavirus and the ensuing market volatility.

The survey* of more than 1,100 consumers, conducted at the end of March, shows that the impact of the coronavirus pandemic is acute, with concern not only for their health but their finances too, with the highest levels of anxiety among 55 to 64 year olds.

A third (33%) of 18-34 year olds have checked the performance of their investments in the last four weeks, compared to 53% of people in the 55 to 64 year old bracket, suggesting that younger investors with longer investment horizons are less anxious which may at least partly be because they have less saved.

References

*The 1,110 respondents who took part in this study were recruited through Aegon’s customer and consumer panels. Fieldwork was undertaken in March 2020

“In these exceptional times, with volatile markets, there’s a risk that people, particularly those without an adviser, may panic and react to market movements by rushing into financial decisions that could have long term adverse consequences. After the significant falls in stock markets, it can often be in individuals’ interest to avoid cashing in stock market investments and look to draw money from other sources of savings. It can also make sense if possible to take less income or only what you really need right now. It’s always good to seek advice, and especially so in the current climate before taking any big decisions.”

More To Explore:

Cashflow Modelling

What is cashflow planning?

What is cashflow planning? Cashflow planning is the process of looking at your current financial situation and planning ahead for the future. So whether you’re

News

Happy New Tax Year!

Today, 6th April marks the beginning of the new tax year and a brand new 365 days of tax planning opportunities! But why the 6th

Notices:

Our posts are intended as financial education and financial information, not as financial advice, and are only suitable for UK residents. Always take professional, independent advice before acting on any information.

Investment & Retirement Solutions Ltd is authorised & regulated by the Financial Conduct Authority.

The value of investments and income from them can fluctuate (this may partially be the result of exchange rate fluctuations) and investors may get back less than the amount invested. Past performance is not a guide to future performance.

Your home is at risk if you do not keep up repayments on a mortgage or other loan secured on it.

The Financial Conduct Authority does not regulate taxation and trust advice, will writing, advice on deposit accounts, some types of offshore investment, some aspects of buy to let mortgages, commercial finance or offshore mortgages.

Levels, bases of and reliefs from taxation may be subject to change and their value depends on the individual circumstances of the investor. Unless specifically stated otherwise, our posts do not allow for the additional taxation powers which may be levied by the devolved governments.

All information is offered in good faith and is believed to be correct at the time of publication however it may be superseded following publication. E. & O. E.

Would you like to know more?

drop us a line, it's good to talk

Skip to content