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

DC providers reassessing US allocations due to tariff turmoil, research shows

DC providers reassessing US allocations due to tariff turmoil, research shows

Isio report shows DC providers are underweighting US equities amid concerns

Holly Roach
clock 29 August 2025 • 1 min read
Professional Pensions: Stories of the week

Professional Pensions: Stories of the week

Torsten Bell takes on additional Budget responsibilities, pension firms invest in water infrastructure project, PAG urges MPs to back bill amendment

Professional Pensions
clock 29 August 2025 • 1 min read
Is the NI treatment of pensions now firmly in the chancellor's Budget plans?

Is the NI treatment of pensions now firmly in the chancellor's Budget plans?

Jonathan Stapleton takes a view on the latest Budget speculation

Jonathan Stapleton
clock 28 August 2025 • 3 min read
Trustpilot