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

TPR publishes 2025/26 annual report and accounts

TPR publishes 2025/26 annual report and accounts

Regulator said it has ‘refreshed’ its approach to be ‘more focused, effective and efficient’

Holly Roach
clock 30 June 2026 • 2 min read
Strong chance 'nightmare' IHT pension reforms will 'simply not work'

Strong chance 'nightmare' IHT pension reforms will 'simply not work'

Baroness Ros Altmann says the policy is ‘fraught with dangers’

Holly Roach
clock 30 June 2026 • 1 min read
Climate change becoming central factor in pension scheme member outcomes

Climate change becoming central factor in pension scheme member outcomes

SPP paper says climate change risk is a ‘present-day financial reality’

Martin Richmond
clock 30 June 2026 • 2 min read
Trustpilot