Got a final salary pension? Now might be the time to cash it in

Take advantage of the global bond bubble and cash in that final salary pension scheme, says Merryn Somerset Webb.

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Cash in while it's worth it
(Image credit: Copyright 2014 Bloomberg Finance LP, All Rights Reserved.)

Imagine you had invested in something back in 2009 and it had returned 25% every year for the past seven years a total return of about 480%. Then imagine that the value of that investment was 100% linked to the bond market. What would you do?

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Merryn Somerset Webb

Merryn Somerset Webb started her career in Tokyo at public broadcaster NHK before becoming a Japanese equity broker at what was then Warburgs. She went on to work at SBC and UBS without moving from her desk in Kamiyacho (it was the age of mergers).

After five years in Japan she returned to work in the UK at Paribas. This soon became BNP Paribas. Again, no desk move was required. On leaving the City, Merryn helped The Week magazine with its City pages before becoming the launch editor of MoneyWeek in 2000 and taking on columns first in the Sunday Times and then in 2009 in the Financial Times

Twenty years on, MoneyWeek is the best-selling financial magazine in the UK. Merryn was its Editor in Chief until 2022. She is now a senior columnist at Bloomberg and host of the Merryn Talks Money podcast -  but still writes for Moneyweek monthly. 

Merryn is also is a non executive director of two investment trusts – BlackRock Throgmorton, and the Murray Income Investment Trust.