Storm ahead? Here’s how to prepare for a financial crisis

As the IMF warns a downturn could be coming, we examine how you can protect yourself

Every 10 years or so a financial crisis hits global markets – and it’s 10 years since the last one. This week the IMF warned that not only are the storm clouds of the next global financial crisis gathering, but also that the world financial system is unprepared for another downturn.

Will your pension be wrecked? The value of your house plummet? Will your industry be hit by a wave of redundancies? The bad news is that even the big investment houses, which traditionally talk up markets in the hope that you will invest, are pessimistic about 2019.

Related: IMF warns storm clouds are gathering for next financial crisis

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BHS ex owner Dominic Chappell failed to give pension information

The man who bought BHS for £1 is fined for not providing documents about the collapsed chain’s pension schemes.

Investors sell record $39 billion of stocks in past week: BAML

Investors cashed out of equity funds at a record pace over the past week, with redemptions hitting $39 billion, Bank of America Merrill Lynch (BAML) said on Friday.

Record $46 billion pulled from U.S.-based stock funds in latest week: Lipper

Record cash streamed out of U.S.-based stock funds and billions more fled bonds in a week of apparently escalated caution, Lipper data showed on Thursday.

U.S. fund investors pull record $46 billion from stocks in latest week: Lipper

Investors pulled record cash from U.S.-based stock funds and pulled billions more from bonds in a week of escalated caution, Lipper data showed on Thursday.

U.S. fund investors pull record cash from stocks in latest week: Lipper

Investors slammed U.S.-based stock funds with record withdrawals during the latest week, pulling $46 billion from the products during the seven days ended Dec. 12, Lipper said on Thursday.