Why Nvidia’s stock market pain is hurting your pension but you don’t have to worry if you follow this plan: RACHEL RICKARD STRAUS
- Nvidia’s market weight means its falls can affect many British pensions.
- A proposed retirement scheme would provide savers with a regular income.
- The writer favours financial education and keeping control of savings.
Nvidia’s share-price fall has highlighted how widely its performance affects British savers: the company makes up about 5% of developed global stock markets, so many pension and investment funds hold it. The article argues that the market swings have also made the Government’s proposed “guided retirement” scheme, which…