Quantitative easing has no proven effect on annuity rates, pensions minister Steve Webb claims.
The government's "loose" monetary policy of quantitative easing and low interest rates is diminshing retirees' income, a report by MPs concludes.
The Governor of the Bank of England has denied quantitative easing has accelerated the decline of defined benefit provision.
Labour's Rachel Reeves has attacked the government for forcing the Bank of England's to pursue its deficit-wrecking QE policy to "compensate" for its poor fiscal support.
Falling gilt yields have pushed schemes £90bn deeper into deficit since the second round of quantitative easing in October last year, the NAPF says.
The government's use of quantitative easing has given pension funds a boost, Bank of England economist David Miles claims.
Three of the country's largest schemes are in "well-advanced" talks to join a suit against Lloyds TSB directors for misleading investors over the Halifax Bank of Scotland merger.
Half of defined benefit schemes will be closed to future accrual by the end of the year as quantitative easing increases costs, a consultant predicts.
Yields on UK gilts jumped in early trading as investors reacted to the threat of a possible downgrade of the UK's AAA rating.