The Bank of England’s monetary policy committee (MPC) has voted by a majority of 7-2 to maintain the interest rate at 0.75%.
This leaves inflation at 1.7% - under the bank's 2% inflation target - with the bank also lowering forecasts for domestic economic growth up to the end of 2022. Seven Investment Management strategist...
Phoenix Group has reported a £36m increase in group operating profit in the first six months of this year, as well as strong cash generation of £433m.
Aviva’s operating profit fell by 11% in the first half of the year as Covid-19 hit business activity, although a growth in bulk annuity sales partially offset the drop.
Coronavirus Blog: Scottish Widows extends easing of annuities applications; How to build cashflow strategies amid the pandemic
In this live blog, Professional Pensions brings together all the latest news on the industry's response to the coronavirus pandemic, as well as regulatory and legal updates.
The latest update from the Continuous Mortality Investigation (CMI) for week 30 of 2020 shows a sixth successive week of recovering death rates amid the coronavirus pandemic.
Have your say: Will the WPC's inquiry into the impact of pension freedoms be too overshadowed by Covid-19 impacts?
In this latest Pensions Buzz, we want to know whether you think the Work and Pension Committee's inquiry into the impact of pension freedoms between 2015 and 2020 will be too overshadowed by Covid-19 impacts?