The Investment Association (IA) is planning a new type of fund after the suspension of the Woodford Equity Income Fund and an attack on ‘open ended’ investments by the governor of the Bank of England.

The Bank of England has maintained interest rates at 0.75%.

The Bank of England has maintained interest rates at 0.75%.

Experts from across the financial sector have reacted to yesterday’s decision of the Bank of England's Monetary Policy Committee to maintain the bank Rate at 0.75%.