interest rate

Long-term low interest rates are damaging pensions and will cause another financial crash, Ros Altmann will tell the Bank of England (BoE) today.

Martin Tilley, pension consultant at Dentons Pension Management, has hit out at rival James Hay for providing a poor deal for customers on its SIPP cash accounts.

Scottish Widows, Irish Nationwide and Investec Bank have the best interest rates on their SIPP cash accounts but shopping around is essential, according to Defaqto.

The Bank of England has resisted growing calls to deliver more stimulus to the economy while maintaining interest rates at the historic low of 0.5%.

A large number of over-50s will opt to cut their pension contributions in order to cover debt repayments if interest rates rise this week, research from LV= suggests.

A member of the Bank of England's Monetary Policy Committee has made his case for more quantitative easing (QE) to keep the economy on track.

Dr Andrew Sentance remains the lone member of the Bank of England Monetary Policy Committee to argue for an increase in interest rates.

The Bank of England has held interest rates at 0.5%, marking the 18th consecutive month they have been at this historical low.

Interest rates could rise substantially to 8% within two years to stave off soaring inflation, new research suggests.

Andrew Sentance voted against the rest of the Monetary Policy Committee (MPC) for a rise in interest rates for the third consecutive month, minutes from the August meeting show.