The worthiness of last wage retirement schemes has been slashed by ВЈ90 billion as a result of governmentвЂ™s round that is latest of quantitative easing (QE), the nationwide Association of Pension Funds (NAPF) warns, while pensionersвЂ™ incomes are also struck by soaring residing costs. a study that is new LV= claim that pensionersвЂ™ day-to-day living expenses have increased [. ]
2nd salvo of QE knocks ВЈ90bn off retirement benefits funds
Falling gilt yields have actually pressed last wage retirement funds ВЈ90bn deeper into the red because the 2nd revolution of quantitative easing (QE) started last October, retirement professionals stated today. The nationwide Association of Pension Funds (NAPF) said the financial institution of EnglandвЂ™s publishing of ВЈ125bn inside the previous half a year had struck pension funds harder than [. ]
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