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

Aviva reports shrinking retirement sales with BPA volumes down by half

Aviva reports shrinking retirement sales with BPA volumes down by half

Q3 trading update comes as CEO Amanda Blanc sees 'significant opportunities' for wealth expansion

Jen Frost
clock 13 November 2026 • 2 min read
Over £400bn transferred from DB schemes to insurers to purchase buy-ins

Over £400bn transferred from DB schemes to insurers to purchase buy-ins

LCP says PRT market over the next 20 years could look ‘very different’ from the last

Holly Roach
clock 13 November 2026 • 1 min read
Professional Pensions: Stories of the week

Professional Pensions: Stories of the week

New framework for trustees, BCSSS admin change, TPR on reform, and Fujifilm buy-in

Professional Pensions
clock 13 November 2026 • 1 min read
Trustpilot