A rise in UK inflation back above the Bank of England's 2% target rate will not change the thinking of its Monetary Policy Committee with regards to interest rates, experts have said.
Scheme members are not equipped to deal with the tax implications of accessing their pension, last week's Pensions Buzz respondents said.
Inflation in the UK rose slightly in February to 1.9% on the back of higher food prices, according to the Office for National Statistics (ONS).
The amount of hedging against interest rate risk rose to £31.7bn in the fourth quarter of last year, according to BMO Global Asset Management.
UK inflation unexpectedly rose to 2.7% in August, beating analysts' expectations of a drop to 2.4% from 2.5% the previous month.
The UK has moved up one place in this year's Natixis Global Retirement Index (GRI) - seeing improvements in health and wellbeing dragged down by performance of retirement prospects in general.
The level of interest rate hedging increased to £29.5bn of liabilities in the second quarter as pension funds continued to de-risk, according to BMO Global Asset Management's research.
Pension transfer values remained stable throughout July, with the index finishing the month where it started, according to XPS Pension Group's transfer value index (TVI).
Yesterday's increase in the Bank of England's (BoE) base rate will not have an immediate significant impact on defined benefit (DB) scheme funding but schemes should reconsider their investment allocation, industry commentators have said.
The Bank of England's (BoE) Monetary Policy Committee (MPC) has unanimously voted to increase interest rates by 25 basis points to 0.75%, the highest level in almost a decade.