NAPF calls for crisis meeting with TPR after QE rise

The National Association of Pension Funds said a strong and growing economy was essential for the long-term sustainability of UK pensions - noting quantitative easing could be a price worth paying, but only if it was successful in delivering the growth that businesses and pension funds need. But it warned QE has adverse consequences for pension funds in the short-term, and urged the regulator to take this into account. NAPF chief executive Joanne Segars (pictured) said: "QE makes it more expensive for employers to provide pensions, and will weaken the funding of schemes as their defic...