2012-08-04 — telegraph.co.uk
This is really not UK-specific -- to a great extent this is happening in the US and pretty much the entire Western world as cheap money is being spewed to keep the banks and financial economy afloat.
While the Bank made no extension to its QE programme yesterday, its policy of forcing down long-term interest rates has caused huge problems for the pension schemes of many firms, according to Ros Altmann of Saga, the over-50s' group.Pension deficits at FTSE 100 firms have more than doubled in the last year alone, despite companies pumping millions into their schemes to repair their pension shortfalls, Ms Altmann said.
...
"Firms are left trying to find more money to plug pension deficits, causing funds to be diverted from creating jobs and expanding operations
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