The majority (78 per cent) of Danes are "very highly", "highly" or "somewhat" concerned that having Donald Trump in the White House will cost them their pension savings, research from Sampension has revealed.
The research showed that many Danes fear that having Donald Trump as President will have a negative impact on their pension, with particular concerns around increased global uncertainty, trade war and resulting turmoil in the financial markets.
Sampension chief advisor, Helle Dalsgaard, acknowledged that it has been a "wild time in every way" since Trump was inaugurated.
"And this also applies to the financial markets, which during the period - not least as a result of the trade war and Trump's various tariff announcements in this connection - have been characterized by great unrest and violent fluctuations," he said.
"Therefore, it is of course completely understandable that many Danes fear what this may mean for their pension savings."
However, Dalsgaard stressed that while the stock markets saw some "huge plunges" in the wake of Trump's 'Liberation Day', the stock markets have now, a little over a month later, actually largely recovered what was lost."
"The development underlines why we recommend that pension savers have a grain of salt in their stomachs and do not start to reduce the investment risk in their pension savings when there are headwinds in the markets," he continued.
Encouragingly, the survey found that whilst some Danes have considered adjusting their investment profile to invest their pension savings at lower risk as a result of the concerns, fewer savers are actually following through on this.
Among those who say they are concerned that developments under Trump could negatively affect their pension savings, 20 per cent have considered reducing investment risk.
Of those, however, less than a third (30 per cent) said that the concerns have actually led them to choose lower risk.
"Although it is never fun to experience periods of turmoil and decline, you must remember that pension savings are a long-term investment, that the markets can quickly correct themselves - as we have just seen - and that the arrow in the long term will generally point upwards," Dalsgaard said.
"Generally, you should choose your investment profile in calm times based on income, consumption, wealth and family circumstances.
"But if you are really struggling with the turmoil that is currently affecting the financial markets, you can consider switching to an investment profile with lower risk.
"However, it is a good idea to first contact your pension company for advice before you start adjusting the risk yourself."
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