Smith Collect
Cost of living
Abi infections
Producer of the cost of living
Bbc
Whether it is pensions, mortgage loans, investments or the cost of everyday items, many of you have contacted your voice, your news from the BBC to ask you how global prices and recent turmoil can have an impact on your personal finances.
The cost of life of the BBC, Colletta Smith, answered your questions.
“If I have a private pension, will I lose money?”
Pauline Garbutt, 83, wants to know how her pension could be assigned
If you are far from retirement age, then sit well because pensions are a long -term investment. As we have seen, many things can change in a very short period of time, so don’t panic.
If you get closer to your retirement, your saucepan is likely to be moved to less risky investments, such as state bonds. When the stock markets drop, these obligations tend to do better than traditional investments.
Retirees with a fixed pension should not be affected.
But if you are currently living in a pension that has been invested, this could mean that you get less than what you expected because of this fall in the stock market.
It is important to make a plan on how you will deal with everything short to gain.
“I lost £ 1,500 in three days. When will things stabilize?
BBC News
Brian Waldie, 64, has been investing in a children’s trusted fund for her youngest daughter since 2007.
In the past three days, he saw £ 1,500 lost to the account.
“We were trying to make the life of our daughter simple, but it is money that I cannot afford to lose,” he told your voice, your news from the BBC.
If you invest directly, through an Isa or Child Trust shares and stock funds, you will have seen major changes in the last two days.
Providers must always tell you that investments can drop as well as.
If you want more certainty, it can be useful to face reality and make a new financial plan.
“If we put a 10% price on all the goods that enter our country,” does she prevent other countries from throwing cheap goods on us? “
Stuart Burrows, 72, from Manchester came into contact in your voice, your news from the BBC
The government said that it would not rush to make decisions concerning the introduction of prices on goods arriving in the United Kingdom.
Currently, articles from the United States may well cost more, but it is also possible that products from countries that have been struck by prices to import to the United States can simply decide that it is cheaper to send their products here.
With cheaper foreign imports from countries like China, Japan and South Korea, it can lower the prices of certain products here on the main street while companies compete to attract customers with prices lower than those of competitors.
“How can a stock market accident lead to a drop in mortgages?”
Many people have asked for how uncertainty could affect mortgages. Chris in Sussex came into contact to find out if this could lead to a drop in interest rates.
The Bank of England fears that companies and consumers become nervous so that they want to encourage people to spend and borrow more.
We were waiting for two interest rate drops this year and it is now planned that there will be a third additional decline.
Landers are already prices in their equations and we find that mortgage rates will drop accordingly.
