Yesterday's increase in the Bank of England's (BoE) base rate will not have an immediate significant impact on defined benefit (DB) scheme funding but schemes should reconsider their investment allocation, industry commentators have said.
The increase of the base rate from 0.5% to 0.75% had been widely expected and was therefore priced in by the market, including by DB sponsors, but further rate rises from a "hawkish" monetary polic...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders