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Pensions bosses demand more flexibility on rules

PENSIONS bosses have called for more flexibility in regulations to avoid a repeat of the collapse of Scottish textile group Dawson International as the sector is plagued by impact of Bank of England's stimulus programme.

The Bank of England has claimed that its quantitative easing (QE) scheme, under which it has bought £375 billion of gilts, has a neutral impact on pension schemes because the impact of a fall in Government bond yields is offset by rising equity prices.

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