Bank of England pension scheme shows dangers of QE
12 September 2016 Bank of England’s own pension scheme highlights the problems of QE Bank says QE should make gilt owners rebalance portfolios into riskier assets – but BofE pension scheme isn’t doing this QE may not work as pension funds and insurers are constrained from taking more risk As QE worsens pension deficits and has pushed contributions to ruinous levels – Bank of England scheme requires employer contributions over 50% of salary The Bank of England has recently published…