Bank of England

90% chance of rate hike priced in

LTA will rise to £1,030,000

Up from 2.6%

Fell almost 0.5% on Tuesday

Unchanged from previous month

The aggregate balance of the UK's defined benefit (DB) schemes improved by £6.2bn over July, according to the Pension Protection Fund's (PPF) 7800 Index.

Interest rates may increase faster in the future than financial markets have priced in, the Bank of England's (BoE) deputy governor has said.

LIBOR is set to be phased out by 2021. Jonathan Stapleton looks at how the withdrawal of this benchmark will affect schemes

Sterling fell in mid-morning trading on the announcement that UK inflation unexpectedly fell to 2.6% over the 12 months to June 2017, down from 2.9% in May.

The collective deficit of the UK's defined benefit (DB) scheme has shrunk by more than £200bn due to the inauguration of Donald Trump as US president, Hymans Robertson says.