Pension funds warned more rates decline possible after ECB cut
Pension funds have been warned that there is room for interest rates to fall even further after the European Central Bank (ECB) slashed rates in the eurozone.
The ECB cut its benchmark interest rate from 0.25% to 0.15%, and pushed the deposit rate into negative territory at -0.1% yesterday. Punter Southall head of investment consulting Danny Vassiliades...
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