Pensions and QE: the new threat

With very positive investment returns since 2009, it would have been expected that pension schemes would have recovered from the substantial losses they incurred in 2008. While this has been the case for the actual size of people’s funds ie, the assets; the liabilities of these funds have recently been rising at a much faster pace due to the historically low interest rates, particularly on government bonds. Most countries can now borrow money ...