Pension funds fall by 2.5% in January 2016

You may think that global stock market turmoil has little impact on your personal finances, but it could have more of an effect than initially expected, particularly if you're saving into a pension fund. In fact, new research by Investment Life & Pensions Moneyfacts has revealed that the average pension fund fell by 2.5% in January 2016, its worst performance in the opening month of the year since 2009.