The UK was teetering on the brink of full-scale depression when the decision was taken to slash interest rates to 0.5% and introduce quantitative easing (QE). Five years on, the economic situation is looking much better.
However, even the most cursory look at the health of defined benefit (DB) schemes shows signs of damage from which it will be difficult to recover. I'm not saying QE is to blame for the demise ...
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