Trade turmoil hurts pensions; experts advise staying invested

Following a delay of some tariffs by the United States, equity markets rebounded. Despite this, markets are still down for the year. Uncertainty surrounding global trade, including the US and EU, persists, leading to potential volatility in financial markets. Pension funds have experienced losses. This year has seen declines, with managed funds down 5-8%. Experts advise against switching to cash after market falls, noting that historically markets have recovered over time. Interest rates are expected to continue their downward trend, with the European Central Bank likely to cut rates again. The pace of cuts may be influenced by trade developments. Borrowing and savings rates are anticipated to edge lower.