E39: Trump, tariffs and what it all means for your pension with Emma Maslin, Lucy Evans and Clare Reilly
Release Date: 05/20/2025
The Pension Confident Podcast
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Global stock markets have been on a bit of a rollercoaster lately, thanks to a flurry of announcements from President Trump and his administration around spending cuts and trade tariffs. The uncertainty about what might come next has left investors worldwide feeling uneasy. And when investors get jittery, markets tend to get volatile.
So what does stock market volatility actually mean for you and your savings?
Join our host, Philippa Lamb, and our expert panel as they break it all down.
- Emma Maslin, Financial Coach, Financial Wellness Speaker and Founder of The Money Whisperer;
- Lucy Evans, Personal Finance Reporter, Daily Mail; and
- Clare Reilly, Chief Engagement Officer, PensionBee.
Episode Breakdown:
03:26 History of market volatility
07:43 What’s happening with Trump and tariffs
11:20 What happens next?
12:18 How might the UK government respond?
13:12 What does this mean for pensions?
15:56 The impact of age and lifestage
17:36 Other investments and emergency funds
22:15 Pension contributions and tax relief
23:16 Where to find guidance
Further reading, listening and watching:
To learn more about stock market volatility, check out these articles, podcasts and videos from PensionBee:
- Episode 39 transcript
- Episode 39 video
- Understanding market volatility and how it can impact your pension (Blog)
- Why are financial markets volatile these days? (Blog)
- Pensions and tariffs: what you need to know (Blog)
- How young savers can turn market volatility into an investment opportunity (Blog)
- How to diversify your pension investments (Blog)
- Company spotlight - how does Meta’s performance affect my pension? (Blog)
- Company spotlight - how does Microsoft’s performance affect my pension? (Blog)
- Company spotlight - how does Amazon’s performance affect my pension? (Blog)
- Company spotlight - how does Apple’s performance affect my pension? (Blog)
- Company spotlight - how does NVIDIA’s performance affect my pension? (Blog)
- Six ways to put together your emergency fund (Blog)
- How does financial planning change over the course of life? (Blog)
- Pension investments (Pensions Explained)
- Pensions and tax relief (Pensions Explained)
- How are pensions invested? (Pensions Explained)
- What is a Stocks & Shares ISA? (Pensions Explained)
Other useful resources:
- 2023 United States banking crisis (Wikipedia)
- How geopolitical events impact the stock market (Bankrate)
- Investors hold their nerve as market volatility rises (The Daily Brit)
- Half of investors admit to making impulsive, emotional decisions, and many go on to regret it (CMS Wealth)
- Research on retail Buyers’ emotional quotient with focus on transactions on the National Stock Exchange (Sage Journals)
- 66% of Investors Regret Impulsive or Emotional Investing Decisions (Magnify Money)
- Are women better investors than men? (Unbiased)
- Why Women Are Better (Investors) Than Men (Forbes)
- Pension Wise (Money Helper)
- Financial Conduct Authority (FCA)
Catch up on the latest news, read our transcripts or watch on YouTube:
Follow PensionBee (@PensionBee) on TikTok, YouTube, Instagram, LinkedIn, Facebook, X and Threads.
Follow Emma Maslin (@moneywhisperer_) on Instagram, LinkedIn, Facebook and X.
Follow Lucy Evans (This is money) on LinkedIn and X.