Few safe havens for your investment after poor year for pensions

Pension funds took a hammer blow last year, and even low-risk funds with bonds are likely to underperform again this year.

The dominant economic theme is how high will rates have to go to get inflation under control.

Last year was a very poor year for pension performance, especially for the retired, who are most likely in an Approved Retirement Fund (ARF). 

Some investment funds fell as much as 15%, and taken with your 4%/5% annual payment, your pot could have declined up to 20% in a single year.