'There's a real possibility this could get quite painful'

BRUCE Gordon, 61, retired in 2023 after 40 years working as an IT software specialist.

- By Harvey Jones

He has been drawing down on two pension funds - but they have lost more than 10% of their value after the stock market crash of the last week.

Bruce, who has two personal pension schemes with Scottish Widows and Pension Bee, said: “At the moment, my main pension pot has suffered a 10% decline.

“Today has brought further losses, and it’s hard to tell where the bottom might be.