What's the effect of reduced rate of interest on saving instruments for business/prof/salaried people?

Question

How would the effect of reduction of interest rates on saving instruments for retired people and pensioners be?(how will they be adversely affected and the business class be benifetted?)

Answer 1

Is this homework question day?

Lower interest rates mean less income for pension payouts for retirees.

For businesses, it means they can borrow money at a cheaper rate which increases profits.