Monday, 8 August 2016

PENSIONS DEFICIT RISES TO NEAR £1TRILLION

The fall in government gilt yields to record lows following the Brexit vote came about after the BoE actions on interest rates and QE.  In turn, because many pension funds are invested in gilts, the deficit in final salary (defined benefit) schemes has risen to £945Billion - a record.  The report is HERE.

I wonder how may leavers thought their pensions may be at risk when they cast their votes?

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