Pension schemes urged to reduce risk as Bank of England confirms QE 2


Pension schemes have been urged to take advantage of the current volatility to reduce their risk exposure, as the Bank of England announced plans for a further round of quantitative easing (QE).

The Bank said today that it would purchase a further £75 billion of assets, primarily gilts with maturities from three years to 25 years.

Pension experts warn that the move could further widen pension funds' deficits, as falling gilt yields would increase funds' liabilities.The Bank's own estimates sugge

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