Plus, am I eligible for the state contributory pension?

Those approaching retirement age should seek advice and reassess their pension’s risk exposure, but there is no need to panic. Stock image. Photo: Getty

Those approaching retirement age should seek advice and reassess their pension’s risk exposure, but there is no need to panic. Stock image. Photo: Getty

Q With recent news about US tariffs and wider economic concerns, I’m worried about the potential impact on my pension. Should I be doing anything right now?

A If US tariffs take effect, they could likely trigger a ripple effect throughout global economies, and understandably, that can be unsettling, especially for those nearing retirement, said Colm Power, managing director of NFP Ireland, a professional services firm that specialises in employee benefits.