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Bank of England increases rates by 50bps to 5%

The Bank of England (BoE) has hiked interest rates by 50 basis points.

United kingdomHymans robertsonJerome powellSimeon willisChris arcariBoe monetary policy committeePensions groupHouse financial services committeeFederal reserveEuropean central bankMonetary policy committeeExchequer jeremy huntJonny black

Industry comments as interest rate leaps to 5 percent

Industry comments as interest rate leaps to 5 percent
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United statesDean butlerSimeon willisBecky oconnorPensions groupPublic affairsLifetime savings associationStandard lifeManaging directorRetirement living standardsPhoenix insightsState pensionPension wiseBee directorBeckyo connor

Inflation shock causes concern for investors - as well as for businesses and consumers: reaction

“While inflation’s not risen, it’s not heading in the direction that the Bank of England wants to it to go. Given that we’re likely to see CPI end the year at

United kingdomRob clarrySimeon willisBecky oconnorAndrew tullyPeder beck friisChieu caoAlexandra loydonMohsin rashidPublic affairs of pensionbeePensions groupChief commercialStrategy officerInvestment strategistEvelyn partnersDirector partner engagement

Inflation drops to 8 7% in April but remains above expectations

The rate of inflation in the UK dropped below 10% for the first time in eight months in April with official figures putting it at 8.7%.

Simeon willisMonetary policy committeePensions groupOffice for national statisticsNational statisticsJonny black

Comments on inflation rate returning to single digits

Comments from Standard Life, XPS pensions Group and Canada Life on inflation returning to single digits

United kingdomAndrew tullyDean butlerSimeon willisPensions groupPhoenix groupStandard lifeCanada lifeManaging directorPension creditUniversal creditChief investment officerComments on inflation rate returning to single digits from standard lifePs pensions group and canada life on inflation returning to single digits

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