Pensions - Articles - Inflation figures confirm a Brexit double whammy on pensions

 “Latest inflation figures confirm a Brexit double whammy for pension schemes, the first post Brexit evidence of the impact of falling sterling on UK prices.

 “The July rise in inflation heaps further woes on pension schemes that had already seen their deficits soar post Brexit as a result of the latest round of QE and falls in interest rates. With pension benefits being linked to inflation, deficits will likely worsen further, adding pressure on trustees and companies alike.

 “Whether or not Brexit is good for the UK economy, it has certainly been calamitous so far for pension schemes which were already suffering massively in markets which have been extremely difficult. This latest news must increase the likelihood of the Brexit effect bringing down some companies and their pension schemes.”