Bank of England sees little immediate harm from pension fund deficits

Bank of England sees little immediate harm from pension fund deficits
 

British businesses have shown little sign of creating fewer jobs or investing less as a result of growing pension liabilities but the rules governing such funds may need to be tweaked, Bank of England deputy governor Ben Broadbent said on Monday.
Broadbent was speaking to a parliament committee which is investigating the future of ailing defined-benefit pension schemes, under which employers guarantee to pay staff a fixed percentage of their salary after retirement.
A fall in interest rates over the past 20 years has led to concern that some businesses may be unable to fund future promises... read more

 
17 October 2016 in Business, Views: 49
Source: Reuters
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