Private client asset manager Gerrards' chief economist Simon Rubinsohn expects the Monetary Policy C...
Private client asset manager Gerrards' chief economist Simon Rubinsohn expects the Monetary Policy Committee to cut rates by the year's end. Rubinsohn said: 'The Monetary Policy Committee unsurprisingly chose to leave base rates on hold at its latest meeting. We would go along with the decision to take no action at this stage but believe probabilities are beginning to shift in favour of a further easing in policy later in the year.'
The increase in minimum AE contributions has had little impact on opt-out rates - with cessations after April increasing by less than two percentage points, data from The Pensions Regulator (TPR) shows.
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