NAPF: Pension funds respond to IMF call for more QE

22 May 2012

Joanne Segars, Chief Executive of NAPF, said: "QE has driven pension funds further into the red, and leaves those trying to buy an annuity with a worse deal, which they are then locked into for life".

Responding to the IMF report today recommending more quantitative easing (QE) for the UK economy, Joanne Segars, Chief Executive of the National Association of Pension Funds (NAPF), said: “If there is to be more QE, then the Government needs to do more thinking about the impact on pension funds. We are being told it will all be worth it in the long-run, but in the short-run, pension funds and pensioners are being left to deal with the pain. They need, and deserve, much more support.”

Press release

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