Andrew Bailey

Bank of England governor Andrew Bailey has warned the UK economy could suffer worse "scarring" from the coronavirus crisis than originally predicted in August.

One-in-ten defined benefit (DB) schemes have already discussed the option of superfund consolidation as a target endgame while a further 9% are planning to do so shortly, according to Willis Towers Watson (WTW).

This week’s top stories included a High Court judgement ruling the Pension Protection Fund’s compensation caps age discriminatory, while the revenue of the three biggest pension consultancy firms saw a year-on-year dip for 2019.

Bank of England (BoE) governor Andrew Bailey is understood to have warned against superfund consolidation of defined benefit (DB) pension schemes less than a week after the entities were given the green light by The Pensions Regulator (TPR).

Nikhil Rathi has been appointed as chief executive of the Financial Conduct Authority (FCA) following Andrew Bailey’s move to the Bank of England as governor earlier this year.

Nigel Sillis looks at how UK pension schemes could fare in a market environment with negative yields and interest rates.

The Bank of England (BoE) is "ready to do more" to fight the economic consequences of the coronavirus pandemic and the measures put in place to tackle it, including further interest rate cuts and an expansion of its corporate financing facility, according...

Keeps interest rates and QE at current levels

Gina Miller has published a report highlighting "regulatory failures" in financial services during Andrew Bailey's tenure as chief executive (CEO) of the Financial Conduct Authority (FCA), calling for chancellor Rishi Sunak to review Bailey’s appointment...

The Financial Conduct Authority (FCA) has appointed Christopher Woolard as interim chief executive following advice from HM Treasury.