The nation's retirement savings are under threat because of COVID-19. It's not just because many Australians have taken advantage of the interim 'early access to super' rules to tide them over during this crisis, but also because many investors are inadvertently making rash decisions about their investments outside super.
Matt Reynolds, investment director, at Capital Group, said that when investors see the value of their investments dwindling, their aversion to losses can compel them to sell at a loss and stay out of the market. This could prove damaging to their overall returns in the long term.
In this issue, Reynold explains why financial advisers have good reason to tell their clients to hold their nerve and allow the eventual market recovery, as proven in history, to steer their retirement plans back on track.
Find out more in the interview.