Pensions - Articles - The MPC cuts Bank Rate: PwC comments on Pensions

  “Today's base rate cut means long-term gilt yields are likely to take longer to reach their pre-crisis levels. PwC's recent pensions risk survey showed interest rates are the biggest risk to schemes currently. Half of schemes did not have material hedging in place to protect against sustained low long-term interest rates. The next few years are going to be demanding for scheme trustees and sponsors as they try and juggle how to measure and repair stubborn deficits in a persistent low interest rate world.”