UK schemes face 20% deficit hike if BoE follows US Operation Twist strategy

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Un-hedged pension schemes face a 20% increase in deficits if the Bank of England follows the US Federal Reserve's Operation Twist strategy, a consultant warns.

Punter Southall head of buyout and longevity risk research Adam Gillespie said, while Operation Twist is focused on the US market and unlikely to affect UK government bond yields in the short-term,...

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