Bank of England

Bank of England governor Mark Carney has said there is still a lot of data to consider before the Monetary Policy Committee (MPC) can decide when to next hike interest rates.

Investment and law firms have the highest median gender hourly gender pay gaps out of nearly 100 pension-related firms reporting, James Phillips writes.

Investment managers and law firms have ranked worst for the median pay gap between men and women among 85 firms involved in occupational pensions analysed by PP.

Held rates at 0.5%

CPI drops to 3%

City lawyer Charles Randell has been confirmed as the next Financial Conduct Authority (FCA) chairman and takes up the post from 1 April.

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.

The Bank of England's (BoE) decision to increase interest rates for the first time in over a decade has been welcomed by the industry, yet the move will only be "symbolic" for most defined benefit (DB) schemes.

This week's top stories included the Trades Union Congress calling for collective defined contribution schemes after finding a bad year of investment performance a year before retirement can leave savers £5,000 a year worse off.

Follows rising inflation and GDP