Rate cut 'bittersweet' for schemes and savers

James Phillips
clock • 2 min read

The Bank of England’s decision to cut the base rate by 50 basis points (bps) will prove challenging for both pension schemes and retirees, the industry warns.

The central bank's move is designed to stimulate the economy and boost consumer and business confidence and stave off the "economic shock" of the coronavirus, which has sent the FTSE 100 plunging b...

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James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

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