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

Government consults on general levy rate hikes

Government consults on general levy rate hikes

Minister says there have been ‘persistent annual deficits’ and a growing levy debt

Holly Roach
clock 14 July 2026 • 2 min read
Webinar on demand: Fraud and identity in the pensions industry

Webinar on demand: Fraud and identity in the pensions industry

You can now watch PP’s webinar in association with Lexis Nexis on fraud and identity

Professional Pensions
clock 14 July 2026 • 1 min read
Industry welcomes 'clarity' and 'certainty' following updated pensions roadmap

Industry welcomes 'clarity' and 'certainty' following updated pensions roadmap

The industry responds to the government’s updated pensions roadmap

Martin Richmond
clock 13 July 2026 • 9 min read
Trustpilot