0.25% increase sees rates hit highest level since 2009

Calls for better-funded schemes to consider de-risking

Hope William-Smith
clock • 3 min read
0.25% increase sees rates hit highest level since 2009

The Bank of England has today hiked interest rates by 0.25% in its fourth consecutive rise, taking them to their highest level in more than 12 years.

The bank's monetary policy committee (MPC) voted by six to three to raise interest rates to 1%, with the minority voting for a greater increase to 1.25%. The rise today (5 May) comes after infla...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Industry

Professional Pensions: Stories of the week

Professional Pensions: Stories of the week

Commons overturns salary sacrifice protections, TPR guidance on Virgin Media judgment, LifeSight to launch retirement CDC solution

Professional Pensions
clock 27 March 2026 • 1 min read
Investment mandation would have had 'serious consequences' for members

Investment mandation would have had 'serious consequences' for members

Experts suggest trustees will ‘breathe a sigh of relief’ at the House of Lords vote to remove the power

Holly Roach
clock 27 March 2026 • 1 min read
Most think trust in pensions industry is 'too low'

Most think trust in pensions industry is 'too low'

PP survey finds two thirds agree with pensions minister on lack of trust in industry

Jasmine Urquhart
clock 27 March 2026 • 2 min read
Trustpilot