Inflation

In line with expectations

Aon report says investors will need diversified portfolios to protect against all types of inflationary shocks

'Wait and see approach'

Bank of England cut unlikely

Core CPI also up to 3.8%

Up from 3.4% in May

CPI stood at 3.4% in May, down 0.1 percentage points from April’s figures

CPI rose by 3.5% in year to April, up from 2.6%

MPs say pension integration ‘is a relic from the past and needs to be abolished’

New pensions minister, bond yields drop, PPF 7800 Index shows £9.3bn drop in DB surplus