Latest articles from Sally Hickey

Bank of England raises interest rate to 3%

News on the go

On the go: The Bank of England has raised interest rates to 3 per cent, its highest rise since 1989.

Dashboard implementation deadline extended by two months

Reuters

Financial Conduct Authority-regulated pension providers have been given an extra two months to comply with the regulator’s pensions dashboard rules on implementation.

Opperman returns to DWP as minister of state

News on the go

On the go: Guy Opperman has been appointed as a minister of state at the Department for Work and Pensions, a little over a month after being let go as pensions minister.

No sign of ‘notable uptick’ in AE opt-outs despite cost of living crisis

Matthew Horwood/Getty Images

There has been no significant rise in employees choosing to stop contributions to workplace pension schemes so far this year, despite warnings that the cost of living crisis would derail the progress of auto-enrolment.

BoE widens gilt purchases after continued bond market volatility

News on the go

On the go: The Bank of England has widened its bond-purchasing programme to include index-linked gilts after another turbulent day in UK bond markets.

FCA warns cost of living crisis increases risk of pension scams

News on the go

On the go: The Financial Conduct Authority has warned that pension holders are increasingly vulnerable to “misdirection” scams as the cost of living crisis increases the number of pension pots being accessed for the first time.

High inflation means pensioners will need extra £90,000

News on the go

On the go: Pensioners will need an additional £90,000 to maintain a comfortable lifestyle due to rising inflation, according to research.

Inflation hits new 40-year high of 9.4%

News on the go

On the go: The rate of inflation has risen to 9.4 per cent in the 12 months to June, as the governor of the Bank of England warns that interest rates could be increased by 0.5 per cent in the next decision meeting.

Nadhim Zahawi appointed chancellor after Sunak resigns

News on the go

On the go: Nadhim Zahawi has been appointed chancellor of the exchequer after dramatic resignations from cabinet heavyweights shook the UK government.

FCA supports regulation of ESG ratings

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On the go: The Financial Conduct Authority has expressed its support for the regulation of environmental, social and governance data and ratings agencies after consulting the industry.