The Bank of England’s support for pension funds ends today
(Picture: Shutterstock / IR Stone)Some of the biggest pension funds in the City have crashed 50% in value this year, putting the retirement dreams of tens of thousands of people in possible jeopardy.
Today the Bank of England’s support for pension funds via a £65 billion bond buying spree comes to an end. Bank Governor Andrew Bailey said on Wednesday, in a controversial comment, that pension funds had “three days to get this done”, by which he meant stabilise the funds before the support ends.
