I’m a long lost returnee to the pin. It steered me right in 2005 onwards and I am hoping the collective knowledge can do the same again in 2020.
My major concern at the moment is that the bursting of the corporate debt bubble is going to bring on a new financial crisis.
Being the eternal pessimist I moved my pension fund which is with Zurich out of stocks and into cash during 2018. I expected the stock market crash that is underway now to have kicked off much sooner.
I’m concerned that the meltdown that will occur in the coming 6 weeks will affect the banks on an even greater scale than what happened in 2008.
So my question is what will happen to the cash that Zurich is holding on my behalf?
Is it safe? Given that I can’t withdraw my pension fund at this time is there a better option than cash within Zurich where I can move my pension funds to?