As the Bank of England scrambled to calm markets with a surprise round of quantitative easing (QE), or bond-buying, on Wednesday 28 September, rumours flew around social media that the move had been triggered by pension funds.
The theory makes sense – pension funds are, after all, holders of government debt, which has been falling in value since the disastrous mini-Budget was announced – but economists’ assertions that they are struggling to meet margin calls were more worrying. Here’s a brief explanation of what last week’s movements could mean for your pension.
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