£50bn QE3 to prolong scheme funding torture for further 12 months

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The Bank of England's move to increase quantitative easing by £50bn will prolong low gilt yields for a further 12 months, adding further strains on pension funding positions, experts say.

The BoE today announced its intention to up its asset purchase programme by £50bn to £325bn to boost economic growth - but the move will put further pressure on scheme funding levels over the next ...

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