The Bank of England have issued a report claiming the quantitative easing (QE) has not harmed pensioners and in some cases may have helped pension schemes.
In a paper published in response to a request by the treasury Select Committee for the Bank to explain the costs and benefits of its monetary policy.
The Bank has said: "The paper shows that QE also has a broadly neutral impact on a fully funded ‘defined benefit’ scheme. Moreover, the pension incomes of people coming up to retirement in a defined benefit scheme, whether fully funded or not, will have been unaffected by QE."
More top news
More than 4,400 community police officers have lost their jobs since 2010, according to Unison
Western and central regions will be prone to thundery, blustery downpours all day
Police charged student Hayley King with malicious tampering of food after she was also filmed spraying glass cleaner in the fridge.