Bank of England

LIBOR is set to be phased out by 2021. Jonathan Stapleton looks at how the withdrawal of this benchmark will affect schemes

Sterling fell in mid-morning trading on the announcement that UK inflation unexpectedly fell to 2.6% over the 12 months to June 2017, down from 2.9% in May.

The collective deficit of the UK's defined benefit (DB) scheme has shrunk by more than £200bn due to the inauguration of Donald Trump as US president, Hymans Robertson says.

Predicted economic shock

The Treasury select committee is to investigate how low interest rates and quantitative easing have impacted the economy since 2008.

Respondents in this week's Pensions Buzz see the BHS saga as a touchstone for fundamental issues at play in the pensions sector.

Further quantitative easing (QE) and cutting interest rates to 0.25% have not hurt businesses with defined benefit (DB) schemes, according to the Bank of England (BoE).

Plastic manufacturer Carclo has warned it might not be able to pay its last dividend of the year due to a rising pension deficit since Brexit.

Sterling's weak performance in the wake of June's Brexit vote could allow the UK to re-balance its economy, according to Mervyn King, as he described forecasts of a materially weaker UK as a result of Brexit as "highly speculative".

The Bank of England (BoE) has purchased more than £3bn worth of long-dated gilts as part of its latest stimulus package, after failing to meet targets last week.