View more on these topics

Bank of England base rate remains at 4.75 per cent

The MPC has decided the Bank of England base rate will remain at 4.75 per cent for this month.

Skipton Building Society chief executive John Goodfellow says: “Had there been a rise, the Committee would have found it difficult to back this up when taking into account what is happening in the economy; we’re seeing a weak retail market, a strong performance by Sterling proving unattractive to exporters and a housing market and consumer spending that are both cooling – all of which mean, should this continue, the rate will remain at 4.75 per cent for some time to come. However, much will hinge on the inflation report, due in May, which historically has coincided with rate increases.”


Commentary – Success story

Yet another year has passed and, inevitably, depolarisation dominates the current agenda. The banks and product providers shuffle and every week a new player announces a multi-tie or other proposition. The increasing complexity of the regulations and the pace of change are adding to the stress levels of all of us, pushing up PI and ICS costs and so on.

SLI disappointed with POAT regulations

Scottish Life International does not support the proposed changes to pre-owned assets tax regulations, as announced by Dawn Primarolos ministerial statement last week.The life office believes the proposals discriminate against trust arrangements using life assurance policies as the underlying investment. SLI technical manager Gerry Brown says: Where the trust asset is a house, the legislation […]

Final countdown – Keith Popplewell

In this series of articles, I am identifying and discussing recent and impending developments in various aspects of pensions. Leading on from my last article, I am now considering issues relating to financial protection for sch-eme members of final-salary wind-ups.


News and expert analysis straight to your inbox

Sign up


    Leave a comment