The world economy was being driven by China. There were fears as it slowed down (relatively) it would cause a re-adjustment (aka recession stylee). We were due a re-adjustment. Oil prices?

COVID-19, or the actions in various countries to contain it, can't exactly lift the world economy. The repercussions will linger. It has a tail, and we ain't there yet.

UK floods don't help. It will mean higher premiums. Promises to build better defences will mean more government borrowing. Pound will be affected, imports more expensive.

And there are more costs ahead for the UK. Change costs money, payback (if & when) will be long coming.

All of which feed into pension pots, for those that expect to have a pension in future. Or are in receipt now.

If anyone cares to predict the effects of a mix of the above - welcome. But we are heading for troubled waters, in financial liquidity.

Personally I see the coronavirus as more of a concern - immediately. Ya can't wash yer hands of .............. er, should I re-phrase that?