Changes in the FTSE 100 and other indexes are not just for City types, they can affect our lives.
Big shifts in the stock market are often in the news, whether they are booms in the US or falls due to the coronavirus or the financial crisis.
Yet there are millions of people with a pension - either private or through work - who will see their savings invested by pension schemes. The value of their savings pot is influenced by the performance of these investments. "Stock markets always go up and down over the short term, and while we're seeing particularly large movements right now, it's important to bear in mind that investors have lived through major ups and downs in the past and come out the other side."No, some people have a pension which promises a specific value, depending on their salary. Others have no pension at all.
That could mean getting less than you expected if you cash in too much after stock markets have fallen, making it important to plan how to make up any of this shortfall, experts say.Dozens of big companies have warned, for example, that the coronavirus will hit their share price. However, if panic on the stock market spreads to the wider economy, one reaction might be to cut interest rates. This is the decision of a committee in the Bank of England and of other central banks around the world.
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