UK

This week’s top stories include Prudential Retirement urging schemes to insure member benefits, and the Universities Superannuation Scheme submitting its 2018 valuation.

The Treasury Select Committee has launched a new inquiry into the future of the UK's financial services once it has left the European Union.

Industry commentators are expecting markets to remain volatile as uncertainty continues following the historic defeat for Prime Minister Theresa May's Brexit deal on Tuesday night.

The Bank of England's (BoE) Monetary Policy Committee (MPC) has unanimously voted to increase interest rates by 25 basis points to 0.75%, the highest level in almost a decade.

The UK inflation rate remained flat at 3% in January, according to the Office for National Statistics (ONS), beating analysts' expectations of a drop to 2.9%.

90% chance of rate hike priced in

The UK economy beat forecasts to grow by 0.4% in Q3, according to the latest figures from the Office for National Statistics (ONS), further increasing the likelihood of a Bank of England interest rate rise next Thursday.

Jackie Wells has left the Pensions and Lifetime Savings Association (PLSA) after two years as head of policy and research PP has learned.

Almost half (48%) of UK companies do not believe the benefit programmes they have in place today will be fit for purpose in 2020, a report by the Economist Intelligence Unit reveals.

Hannah Brenton takes a look at the bitter argument over QE.