0.25% increase sees rates hit highest level since 2009

Calls for better-funded schemes to consider de-risking

Hope William-Smith
clock • 3 min read
0.25% increase sees rates hit highest level since 2009

The Bank of England has today hiked interest rates by 0.25% in its fourth consecutive rise, taking them to their highest level in more than 12 years.

The bank's monetary policy committee (MPC) voted by six to three to raise interest rates to 1%, with the minority voting for a greater increase to 1.25%. The rise today (5 May) comes after infla...

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

Join now

 

Already a Professional Pensions
member?

Login

More on Industry

Half of savers have never considered raising contributions, PLSA finds

Half of savers have never considered raising contributions, PLSA finds

PLSA research finds just 27% would commit to increases if they got a pay rise

Holly Roach
clock 14 January 2025 • 2 min read
UK Pensions Awards 2025: Just over one week left to enter!

UK Pensions Awards 2025: Just over one week left to enter!

This year’s awards will be held on 12 June at The Brewery in London

Professional Pensions
clock 14 January 2025 • 4 min read
News Digest: Pension managers urge UK to ditch 'megafund' scale test

News Digest: Pension managers urge UK to ditch 'megafund' scale test

PP brings together all the latest news on pensions from across the national and financial media

Professional Pensions
clock 14 January 2025 • 1 min read
Trustpilot