Quantitative Easing quadruples FTSE 350 pensions deficit in one year

April 28th, 2012

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Quantitative Easing quadruples FTSE 350 pensions deficit in one year

Daily Telegraph – The final-salary pensions shortfall of the FTSE 350 companies has swollen from £20bn at the end of March 2011 to £80bn at the end of last month, according to pensions firm Hymans Robertson. The figures lay bare the extent to which repeated rounds of central bank quantitative easing (QE) has distorted the pensions blackhole. A growing number of business leaders are arguing companies should pump spare cash into business growth and job creation rather than plug “artificially depressed” deficits. But the pensions watchdog on Friday infuriated firms by rejecting calls to make allowances for the impact of QE when calculating future scheme liabilities. Read Article

Tags: 2nd Great Depression, debt wealth, Europe, financial system