Bank of England holds interest rates at 4.25%

Three members voted to reduce Bank Rate by 0.25%, to 4%. The Bank of England’s Monetary Policy Committee has voted 6-3 to maintain Bank Rate at 4.25%. Three members preferred to reduce Bank Rate by 0.25%, to 4%, more than predicted by industry experts who had largely expected a 7-2 split. The decision was widely expected following yesterday’s inflation figures which …

Retirement ProfessionalsBank of England holds interest rates at 4.25%

Bank of England cuts interest rates – experts share views on what it means for advisers and clients

The Bank of England has taken another step toward easing, cutting the base rate from 4.5% to 4.25% in a widely anticipated but cautious move. There was however a split in the voting so it wasn’t unanimous. With inflation easing—coming in at 2.6% in the year to March—markets had priced in a cut, though the Bank’s measured 25bp shift suggests policymakers remain …

Retirement ProfessionalsBank of England cuts interest rates – experts share views on what it means for advisers and clients

UK inflation falls again

After a long stretch of economic unease, UK inflation has continued its downward trajectory, with the Consumer Prices Index (CPI) falling to 2.6% in the year to March, according to the latest inflation figures from the Office for National Statistics (ONS). This marks the second consecutive monthly decline and comes in lower than market expectations — a welcome development for households and …

Retirement ProfessionalsUK inflation falls again

Legal & General goes digital for annuity applications

Applications could take 14 fewer days to process Legal & General (L&G) has launched a digital application process for annuity applications which it says could trim a fortnight off the time it takes an average case to complete. The provider said it had launched the digital process with a select number of firms and would roll it out in the …

Retirement ProfessionalsLegal & General goes digital for annuity applications

5.8% wage growth brings personal allowance into focus for pensioners ahead of the Spring Statement

As it stands, from April 2026 people could pay tax on the state pension alone Further inflation-busting state pension rise would feed affordability debate Mike Ambery, Retirement Savings Director at Standard Life, part of Phoenix Group said: “This April the full new state pension will rise to £11,973 per year, 95% of the personal allowance – a welcome boost for …

Retirement Professionals5.8% wage growth brings personal allowance into focus for pensioners ahead of the Spring Statement

Bank of England halts interest rate cuts amid ongoing inflation

As priced in by markets The Bank of England’s (BoE) Monetary Policy Committee (MPC) opted to keep interest rates unchanged at 4.5% in its second meeting of the year. Eight MPC members voted in favour holding the interest rate steady, while Swati Dhingra wanted to reduce the rate by another 0.25 percentage points. Last month, the MPC implemented a quarter …

Retirement ProfessionalsBank of England halts interest rate cuts amid ongoing inflation