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You asked: What happens to my fund value if I choose to delay my retirement?
If you're invested in a unit-linked/investment fund, the fund value can go up and down. The degree of fluctuation will depend on the type of fund you're invested in. If your money is in a high risk fund, the value is likely to fluctuate to a greater degree than if it was in a lower risk fund. If you're invested in a with-profits fund, the value can go up and down. Also, your pension provider may apply a market value adjustment (MVA) or market value reduction (MVR) if you delay your retirement and continue to invest in the fund, even if one would not have been applied at your original chosen retirement date. If you're invested in a unit-linked/investment fund or a with-profits fund then you may get back less than the amount paid in. You should check with your financial adviser or pension provider about the implications of delaying your retirement before you make your final decision.
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