The impact of quantitative easing on scheme funding levels has been exaggerated and should not be used as an excuse to delay de-risking, Towers Watson says.
Hannah Brenton speaks to NAPF chairman Mark Hyde Harrison about why the government needs to overrule the regulator with regards to discount rates.
Schemes are being urged to reconsider "distorted" gilt holdings, as persistently low yields call into question the benefits of holding the asset class.
The Treasury has brushed off criticism that monetary policy is damaging schemes by claiming quantitative easing has boosted scheme fund values and reduced investment risk.
The Bank of England is to launch new stimulus packages in a bid to get the economy moving again.
Rachel Dalton examines the industry response to the guidance.
Whenever something unexpected occurs, we look for a cause.
The pensions industry has an "oversimplified" view of quantitative easing's impact on scheme investments and should not blame the Bank of England for low bond yields, ING say.
The Bank of England has left interest rates unchanged at and signalled its intention to continue with its £325bn programme of quantitative easing.