QE impact on funding levels 'disappearing' - JPMAM

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The impact of quantitative easing on pension scheme funding levels is diminishing with every new round of monetary stimulus, JP Morgan Asset Management says.

JPMAM found the Bank of England's £375bn gilt-buying programme drove up scheme deficits initially, but later rounds of easing have had less of an impact. In a report titled ‘Not drowning but wav...

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