Draghi cuts rates and beefs up QE
The euro shot up against all major currencies after the European Central Bank (ECB) cut deposit rates to -0.3% and extended its asset purchasing programme.
Speaking at a press conference following the central bank's policy meeting today, ECB president Mario Draghi (pictured) said it will cut the interest rate on overnight bank deposits from -0.2% to -0.3%,...
More on Industry
Darren Philp: Covid-19 will give the industry the 'kick up the backside' it needs to move to modernity
Beer and brainfood: How Smart Pension has coped with a crisis
ACA backs integration of climate change action into default DC strategies
The Association of Consulting Actuaries (ACA) has welcomed the Pensions Climate Risk Industry Group (PCRIG) and the Department for Work and Pensions’ (DWP) guidance on climate risk.
Five stories you may have missed this week
This week’s top stories included amendments to the Pension Schemes Bill being passed by the House of Lords, while The Pensions Regulator revealed its intentions to tighten expectations on the industry with the release of its 2020/21 corporate plan.
EXCLUSIVE: What's keeping pension professionals positive during lockdown?
It’s not all gloom and doom say Buzz respondents…
Seven million people take pension action during lockdown
More than a third of savers have taken some form of action relating to their pension during the national lockdown, according to research by Aviva.
