Bank of England (BoE) governor Mark Carney said in the latest quarterly inflation report that the base rate of 0.5% is unlikely to rise before unemployment tumbles to 7%. This is something not expected to happen until 2016. The jury is still out on what that means for saving, spending, and growth.
The detail Three ‘knockout' caveats included in the forward guidance render Carney's strategy conditional. It is dependent on inflation staying within 0.5 percentage points of the Bank's 2% target...
The proposed cold-calling ban may be ineffective if a collaborative regulatory approach between the UK and the European Union (EU) is not maintained post-Brexit, the Pensions Management Institute (PMI) has warned.
Some 56% of defined contribution (DC) asset managers do not believe they will have transaction cost information in time for pension funds' March year-end statements, according to Lane Clark & Peacock (LCP) research.
NEST has appointed Clive Elphick, Martin Turner, Mutaz Qubbaj and Chris Hitchen as trustee members of its reshaped board.
Most people want to avoid investing in projects that contribute to climate change, and would consider moving to another less-exposed provider, according to a survey commissioned by ClientEarth.