Pension funds may need extra £250bn over next decade due to QE

The research, by Fathom Consulting and the Pension Insurance Corporation, warns that quantitative easing - the Bank of England's policy of printing £375bn of newly-minted cash - could mean firms have to divert the colossal sum, which would eat up virtually all their surplus earnings, to shore up their retirement funds, the Daily Mail reports. This is on top of £135bn they have already ploughed into funds in the past three years due to ‘financial repression' - an economists' term for measures such as QE that governments use to reduce their debts, at the expense of savers and pensioners. ...