Pension funds call for longer bailout as Bank of England is set to pull the plug on emergency £65 billion bond-buying scheme to tackle market chaos

by Boo_Randy

How many of these pension funds are already insolvent?

https://www.dailymail.co.uk/news/article-11313705/Pension-funds-call-longer-bailout-Bank-England-set-pull-plug-emergency-bond-buying.html

Pension funds are bracing themselves for the Bank of England to pull the plug today on a £65billion bailout designed to protect them from bond market chaos.

The Bank stepped in with the emergency help two weeks ago after a sell-off in government bonds, known as gilts, left the retirement schemes scrambling for cash.

It said it would buy £5billion in bonds a day – since beefed up to £10billion.