The Bank of England’s monetary policy committee has voted unanimously to hold its key interest rate at 0.1%, with the central bank now forecasting a stronger outlook for GDP growth and inflation.
Opportunities for defined benefit (DB) schemes to pursue investment approaches that help repair the UK’s economy cannot stand in the way of improving member outcomes, Aegon says.
The Bank of England (BoE) has voted unanimously to increase its purchase of UK government bonds by £150bn and to maintain rates at 0.1%, shunning rumours of a move towards negative interest rates.
Supply will need to be rebuilt following the forced shutdown, potentially pushing up inflation and reasserting the need for adequate hedges, writes James Phillips
Around £6bn of UK pension fund monies should be invested in a National Renewal Fund aimed at recapitalising 21,000 growth economy businesses, a report suggests.
Any move by the Bank of England (BoE) to cut interest rates to zero or move them into negative territory would have a limited impact on well-hedged schemes, the industry says.
The Transparency Task Force (TTF) has published an open letter to prime minister Boris Johnson asking him to take a personal interest in pension scam problems and push for legislative flexibilities for scam victims.
Four possible models of economic recovery are being discussed as part of a 15-year corporate strategy plan, The Pensions Regulator (TPR) has said.
The Transparency Task Force (TTF) has questioned whether the Financial Conduct Authority (FCA) is “fit for purpose” following years of concern relating to the manner in which it exercises its investigative powers.
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).
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...
The debate concerning negative interests in the UK has now become “very real” after the UK Consumer Prices Index (CPI) 12-month inflation rate dipped to 0.8% in April from 1.5% in March, recording its lowest reading since August 2016 and putting it on...
Keeps interest rates and QE at current levels
In these unprecedented times, it is more important than ever that DC schemes have the right processes in place for governance, communications, and administration. Rona Train looks at what you need to be checking for.
The Bank of England has maintained the historic low 0.1% base rate and predicted a gloomy economic outlook for the UK in the face of the Covid-19 pandemic.
The Institute and Faculty of Actuaries (IFoA) has welcomed climate-related stress tests, but revealed UK insurers need greater clarity around the framework.
The Bank of England (BoE) has cut its interest rate by 15 basis points to 0.1% as the central bank moves to reduce the “economic shock” stemming from the coronavirus pandemic.
Coronavirus (Covid-19) has rattled investors of all kinds, but the market reaction poses some challenges unique to pension funds, Duncan Lamont writes.
First budget of this parliament
The Bank of England’s decision to cut the base rate by 50 basis points (bps) will prove challenging for both pension schemes and retirees, the industry warns.
The Bank of England (BoE) has implemented an emergency cut in interest rates by 50 basis points in an attempt to stave off the “economic shock” of the coronavirus.
Schemes must do more to lessen the financial risks of climate change, says Guy Opperman.