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
Bradford City co-chairman Mark Lawn says he would like to face Manchester United in the FA Cup for his wife Yvonne who is battling cancer.
Footage of the Auschwitz death camp taken from the air shows the sheer scale of the infrastructure used by the Nazis during the Holocaust.
After earning a draw against Manchester United in the FA Cup, club chairman Dave Doggett says the money made will be spent on facilities.