View more on these topics

NAPF: Pensions regulator must relax rules to manage QE impact


The National Association of Pension Funds is calling for The Pensions Regulator to relax its rules governing pension deficits to allow funds to deal with the effects of quantitative easing.

The Bank of England has spent £375bn on gilts since 2009, pushing down gilt yields which inflates DB scheme liabilities.

The move has led to higher contributions to deal with the shortfall and the NAPF wants funds to be allowed to build bigger deficits to deal with QE.

Speaking to the Treasury select committee this week as part of a probe into QE, NAPF chair Martin Hyde-Harrison said: “Many of the effects of QE could be mitigated by other institutions. We don’t have a problem with the BoE but with The Pensions Regulator. The Government should give a direction to The Pensions Regulator to be more flexible.”


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm