Pension lost 19.55% in a year- normal?

[mamaof3kiddos]

I received a letter from my financial advisor at Christmas time which said because of the markets my pension had lost value. I put the letter in a drawer and forgot to deal with it.

I've just received the annual statement and the letter confirms it has now lost 19.55% (so £20k in value, I'm 35 so far). The letter gives some blurb about the first half of 2022 being a difficult year for investment funds.

They advise that they anticipate that things will begin to calm down once inflation has peaked and portfolios should then bounce back.

Last year I put 21% of my income into a pension and all of that seems to have simply evaporated.

Any advice? What are other MNs experiencing?

Look at the fees, platform and fund, and also the funds you are invested in. Look for a broad based index funds with low fees. At your age, there is plenty of time to recover and your monthly contribution is buying more units which will grow over time.