View more on these topics

Bank holds rate, continues easing plans

The Bank of England has decided to hold the base rate at 0.5 per cent yet again this month as it continues its quantitative easing strategy.

The Monetary Policy Committee has held the base rate at its all-time historic low of 0.5 per cent for the third month in a row. It has also decided to continue its plans to buy up gilts using £125bn of new money.

John Charcol senior technical manager Ray Boulger says: “Today’s decision by the MPC to leave rate and the quantitative easing programme unchanged was widely expected but next month the committee will have to consider whether to utilise the final £25bn the Chancellor has authorised for the easing plans.”

Mortgage Advice Bureau head of lending Brian Murphy says: “The MPC’s announcement that it is to hold the base rate is not surprising and was anticipated by most economic forecasters. Clearly the MPC are adopting another month of ‘wait and see’ what the effects of the previous six months of unprecedented rate reductions are having on the wider economy.”


SGAM head of retail moves to GLG

Richard Phillips has confirmed he is moving to GLG Partners following its acquisition of Soci赩 G诩rale Asset Management (SGAM). The firm has also outlined the plans for its fund range.


FSA staff paid £20m in bonuses

The FSA paid its staff £19.7m in bonuses last month, a 40 per cent increase on last year’s payouts, according to figures obtained by the Liberal Democrats.

Call for specialist advice on Qrops

The Personal Finance Society is warning that advisers who do not specialise in qualifying recognised overseas pension schemes should refer clients elsewhere following the introd- uction of Qrops legislation.The PFS has issued a factsheet to its members explaining the rules on transferring pension rights from UK-registered schemes to a Qrops.It says changes introduced by the […]

How to balance bottom-up with top-down research in constructing multi-asset credit portfolios

In this short video, Azhar Hussain, head of global high yield at Royal London Asset Management, explains how his team balance bottom-up with top-down research in constructing multi-asset credit portfolios. Watch the video in full The value of investments and the income from them is not guaranteed and may go down as well as up […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm