interest rates

Hermes Investment Management's head of fixed income Andrew Jackson has warned the Bank of England (BoE) could cut interest rates next year, with rates having a bigger impact now than ever before.

UK inflation stuck at 2.4% in May, missing analysts' estimates of a move higher and further cooling expectations on an interest rate hike from the Bank of England this summer.

UK consumer price inflation fell 0.1 percentage points in April to 2.4%, a fresh one-year low and missing economists' expectations of inflation remaining at 2.5%.

Rates remain at 0.5%

The combined deficit of the UK's private sector defined benefit (DB) schemes fell by 40% to £78bn on an accounting basis during April, JLT Employee Benefits analysis has revealed.

Defined benefit (DB) 'superfund' consolidators will not take off, according to 52% of this week's Pensions Buzz respondents.

Held rates at 0.5%

The estimated transfer value quote for the average defined benefit (DB) member stayed fairly stable over November, according to Xafinity.

The aggregate deficit of the UK's defined benefit (DB) schemes rose to £450bn over the course of November, PwC's Skyval index has recorded.

Respondents believe another rate rise is question of when, not if.