However, pension consultant Hymans Robertson warned the move was "bad news" for people looking to buy an annuity as they approached retirement. It highlighted the potential for the latest increase in QE to further depress bond yields, which are used to price annuities.
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Bank of England puts extra £50bn into QE programme
THE Bank of England yesterday hiked the scale of its quantitative-easing programme by a further £50 billion to £325bn, highlighting a need for this further monetary stimulus because of the "weak" near-term outlook for the UK economy.
