In a mere 24 hours the size of the pension deficits facing some of Britain’s biggest companies has jumped by around £100 billion to a record £390 billion - the equivalent of over £150,000 for every member of a final salary scheme.
The increase is a direct result of the Bank’s announcement this week to create £150 billion and pour it directly into the financial system, experts said.
The ballooning deficits sharply increase the chance that a swathe of companies shut down their pension schemes - not only for future employees but for those already paying into them.
http://www.telegraph.co.uk/finance/personalfinance/pensions/4950466/Retirement-plans-of-millions-of-Britons-at-risk-after-Bank-of-England-prints-money.html
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