Bank of England

The Bank of England (BoE) has voted unanimously to increase its purchase of UK government bonds by £150bn and to maintain rates at 0.1%, shunning rumours of a move towards negative interest rates.

Supply will need to be rebuilt following the forced shutdown, potentially pushing up inflation and reasserting the need for adequate hedges, writes James Phillips

Around £6bn of UK pension fund monies should be invested in a National Renewal Fund aimed at recapitalising 21,000 growth economy businesses, a report suggests.

Any move by the Bank of England (BoE) to cut interest rates to zero or move them into negative territory would have a limited impact on well-hedged schemes, the industry says.

The Transparency Task Force (TTF) has published an open letter to prime minister Boris Johnson asking him to take a personal interest in pension scam problems and push for legislative flexibilities for scam victims.

Four possible models of economic recovery are being discussed as part of a 15-year corporate strategy plan, The Pensions Regulator (TPR) has said.

The Transparency Task Force (TTF) has questioned whether the Financial Conduct Authority (FCA) is “fit for purpose” following years of concern relating to the manner in which it exercises its investigative powers.

Bank of England governor Andrew Bailey has warned the UK economy could suffer worse "scarring" from the coronavirus crisis than originally predicted in August.

One-in-ten defined benefit (DB) schemes have already discussed the option of superfund consolidation as a target endgame while a further 9% are planning to do so shortly, according to Willis Towers Watson (WTW).

Nigel Sillis looks at how UK pension schemes could fare in a market environment with negative yields and interest rates.