Base rate rise 'serves as important reminder' to DB trustees over asset allocation
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 increase of the base rate from 0.5% to 0.75% had been widely expected and was therefore priced in by the market, including by DB sponsors, but further rate rises from a "hawkish" monetary policy committee...
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