The Bank of England has cut interest rates from 4% to 3.75% - the lowest level in nearly three years. Here's the detail:

• The decision was widely expected but it was another knife-edge vote, with policymakers voting 5-4 in favour of a cut
• Concerns about weak economic growth and rising unemployment outweighed worries about inflation, which is falling but remains above the Bank’s 2% target
• The Bank expects inflation to near 2% by the middle of next year, partially due to the government’s tax and spending policies announced in last month’s ...

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New rules for pension pots worth under £1,000 – what you need to know

Pension pots worth less than £1,000 will be consolidated under new rules set to be in place by 2030.

By cutting duplicate charges, consolidation could help savers keep more of their money. The government says this could boost the average worker’s retirement savings by around £1,000.

The plans were announced in May 2025 by pensions minister Torsten Bell.

Here, we outline what the changes will mean for you and how you can best k...

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