Pensions: Quantitative Easing hits pension funds for £90 billion

The National Association of Pension Funds (NAPF) has released figures which show the Bank of England’s program of Quantitative Easing (QE) has knocked a further £90 billion off the value of final salary pension funds. The Bank of England’s QE program started over three years ago and has been deployed at various times since then to try and help the ailing economy. The QE program now stands at £325 billion having been extended by a further £50 billion last month. Final salary scheme deficit...