Pension funds say QE a blow

Ben Southwood
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THE BANK of England’s quantitative easing (QE) scheme damages pension funds, research showed yesterday.

Seventy-six per cent of those surveyed by Squire Sanders said QE harmed their plan’s funding position. This came as the National Association of Pension Funds asked the government and the pensions regulator to give funds “leeway” to cope with balance sheet holes down to depressed gilt yields.