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

Gilt yield drama makes rising annuity rates ‘hard to ignore’

Dramatic spike in government borrowing costs January started in dramatic fashion for government borrowing with a significant cost spike which saw the 15-year gilt yield standing at 5.17%, compared to 4.23% on the same date the previous year. Uncertainty about the performance of the UK economy and the ramifications for inflation after Donald Trump returns to the White House are …

Retirement ProfessionalsGilt yield drama makes rising annuity rates ‘hard to ignore’