--- title: "Meaning & Key Takeaway of: Another commented, ‘QE is a key…" description: "\"“Another commented, ‘QE is a key ingredient in a recipe that is destroying the value of the UK’s retirement savings. It’s a torture for pension funds b..." image: "https://sms4smile.com/quotes/i/f02/david-craig-23078_pension-funds_another-commented-qe-is-a-key-ingredient_3017394.jpg" --- # Another commented, ‘QE is a key ingredient in a recipe… ![“Another commented, ‘QE is a key ingredient in a recipe that is destroying the value of the UK’s retirement savings. It’s a torture for pension funds because it artificially suppresses long-term interest rates’.138” quote by David Craig](https://sms4smile.com/quotes/i/f02/david-craig-23078_pension-funds_another-commented-qe-is-a-key-ingredient_3017394.jpg) [Download](https://sms4smile.com/quotes/i/f02/david-craig-23078_pension-funds_another-commented-qe-is-a-key-ingredient_3017394.jpg) [Open image](https://sms4smile.com/quotes/i/f02/david-craig-23078_pension-funds_another-commented-qe-is-a-key-ingredient_3017394.jpg) > ““Another commented, ‘QE is a key ingredient in a recipe that is destroying the value of the UK’s retirement savings. It’s a torture for pension funds because it artificially suppresses long-term interest rates’.138”” [David Craig](https://sms4smile.com/quotes/author/david-craig/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Quantitative easing lowers long‑term rates, hurting pension fund returns and devaluing retirement savings. **In simple terms:** QE hurts pension values by suppressing interest rates. Key Takeaway Advocate for balanced monetary policy. Themes economics policy pensions inflation risk Mood concerned analytical serious Type financial policy critique When to use this quote - pension fund management - government policy - investment strategy Key Concepts monetary policy financial stability interest rates Questions to Reflect On - What alternatives exist to protect retirees? A Different Perspective Does QE benefit other sectors enough to offset pension losses? ★ ★ ★ ★ ★ No ratings yet [Commented Qe](https://sms4smile.com/quotes/about/commented-qe-4866523/) [Funds Artificially](https://sms4smile.com/quotes/about/funds-artificially-4866525/) [Pension Funds](https://sms4smile.com/quotes/about/pension-funds-1242549/) [Savings Torture](https://sms4smile.com/quotes/about/savings-torture-4866522/) [Uk Retirement](https://sms4smile.com/quotes/about/uk-retirement-4866524/) ## Related quotes > [Well British pension funds have not been investing the savings of British people in British infrastructure.](https://sms4smile.com/quotes/george-osborne/well-british-pension-funds-have-not-been-investing-the-savings-of/) [George Osborne](https://sms4smile.com/quotes/author/george-osborne/) > [There is the general belief that the corporation income tax is a tax on the "rich" and on the "fat cats." But with pension…](https://sms4smile.com/quotes/peter-drucker/there-is-the-general-belief-that-the-corporation-income-tax-is-a-tax/) [Peter Drucker](https://sms4smile.com/quotes/author/peter-drucker/) > [After World War II, there were a lot of pension funds in Europe that were fully funded, but they were pressured to hold a…](https://sms4smile.com/quotes/edward-c-prescott/after-world-war-ii-there-were-a-lot-of-pension-funds-in-europe-that/) [Edward C. Prescott](https://sms4smile.com/quotes/author/edward-c-prescott/) > [The decision to incentivise savings for pension funds augurs well for infrastructure financing and retirement planning.](https://sms4smile.com/quotes/arundhati-bhattacharya/the-decision-to-incentivise-savings-for-pension-funds-augurs-well-for/) [Arundhati Bhattacharya](https://sms4smile.com/quotes/author/arundhati-bhattacharya/) > [I don't invest in the stock market, but I have pension funds - some in America and the UK.](https://sms4smile.com/quotes/eric-idle/i-don-t-invest-in-the-stock-market-but-i-have-pension-funds-some-in/) [Eric Idle](https://sms4smile.com/quotes/author/eric-idle/) > [Contrary to a tenacious myth, France is not owned by California pension funds or the Bank of China, any more than the United States…](https://sms4smile.com/quotes/thomas-piketty/contrary-to-a-tenacious-myth-france-is-not-owned-by-california/) [Thomas Piketty](https://sms4smile.com/quotes/author/thomas-piketty/) > [It's clear to me when you do private equity well, you're making companies more efficient and helping them grow and become more profitable. That…](https://sms4smile.com/quotes/david-rubenstein/it-s-clear-to-me-when-you-do-private-equity-well-you-re-making/) [David Rubenstein](https://sms4smile.com/quotes/author/david-rubenstein/) > [Imagine if the pension funds and endowments that own much of the equity in our financial services companies demanded that those companies revisit the…](https://sms4smile.com/quotes/eliot-spitzer/imagine-if-the-pension-funds-and-endowments-that-own-much-of-the/) [Eliot Spitzer](https://sms4smile.com/quotes/author/eliot-spitzer/) > [The IMF acts as the collection agent for global bondholders. Its projections begin by assuming that all debts can be paid, if economies will…](https://sms4smile.com/quotes/michael-hudson/the-imf-acts-as-the-collection-agent-for-global-bondholders-its/) [Michael Hudson](https://sms4smile.com/quotes/author/michael-hudson/) > [Retirement security is often compared to a three-legged stool supported by Social Security, employer-provided pension funds, and private savings.](https://sms4smile.com/quotes/sander-levin/retirement-security-is-often-compared-to-a-three-legged-stool/) [Sander Levin](https://sms4smile.com/quotes/author/sander-levin/) > [Things that have happened with Enron and companies like that, where they've squandered their employees' pension funds, I think it has brought a new…](https://sms4smile.com/quotes/mike-huckabee/things-that-have-happened-with-enron-and-companies-like-that-where/) [Mike Huckabee](https://sms4smile.com/quotes/author/mike-huckabee/) > [Social Security got passed because John D. Rockefeller was sick of having to take money out of his profits to pay for his workers'…](https://sms4smile.com/quotes/aaron-swartz/social-security-got-passed-because-john-d-rockefeller-was-sick-of/) [Aaron Swartz](https://sms4smile.com/quotes/author/aaron-swartz/) > [A decade ago, I really did believe that the average investor could do it himself. I was wrong. I've come to the sad conclusion…](https://sms4smile.com/quotes/william-j-bernstein/a-decade-ago-i-really-did-believe-that-the-average-investor-could-do/) [William J. Bernstein](https://sms4smile.com/quotes/author/william-j-bernstein/) > [“Money Income from work Passive income Savings and pension funds Monthly expenses Special expenses”](https://sms4smile.com/quotes/shmaya-david/money-income-from-work-passive-income-savings-and-pension-funds/) [Shmaya David](https://sms4smile.com/quotes/author/shmaya-david/) > [Bonds as an asset class will always be needed, and not just by insurance companies and pension funds but by aging boomers.](https://sms4smile.com/quotes/bill-gross/bonds-as-an-asset-class-will-always-be-needed-and-not-just-by/) [Bill Gross](https://sms4smile.com/quotes/author/bill-gross/) ## More by David Craig > [“In my opinion, a lie is a physical act, verbal statement, or omission, deliberately designed to deceive another of the truth.”](https://sms4smile.com/quotes/david-craig/in-my-opinion-a-lie-is-a-physical-act-verbal-statement-or-omission/) [David Craig](https://sms4smile.com/quotes/author/david-craig/) > [“But the alternative is the return to power of Labour. This is the party which did more than any other to wreck Britain with…](https://sms4smile.com/quotes/david-craig/but-the-alternative-is-the-return-to-power-of-labour-this-is-the/) [David Craig](https://sms4smile.com/quotes/author/david-craig/) > [“So, while it’s clearly in the interests of your pension provider and financial adviser to get hold of your money as soon as they…](https://sms4smile.com/quotes/david-craig/so-while-it-s-clearly-in-the-interests-of-your-pension-provider-and/) [David Craig](https://sms4smile.com/quotes/author/david-craig/) > [“So the lesson is – ‘only bank with your bank’. Only let your high-street bank run your current account. If you do any other…](https://sms4smile.com/quotes/david-craig/so-the-lesson-is-only-bank-with-your-bank-only-let-your-high-street/) [David Craig](https://sms4smile.com/quotes/author/david-craig/) > [“it is true that the recession has been made much worse by Downing Street since the Coalition took office. But what was actually needed…](https://sms4smile.com/quotes/david-craig/it-is-true-that-the-recession-has-been-made-much-worse-by-downing/) [David Craig](https://sms4smile.com/quotes/author/david-craig/) > [“These bills include hundreds of thousands of economic migrants who, after years in the UK, probably still can’t believe that British taxpayers are stupid…](https://sms4smile.com/quotes/david-craig/these-bills-include-hundreds-of-thousands-of-economic-migrants-who/) [David Craig](https://sms4smile.com/quotes/author/david-craig/) > [“It could be argued that Parliament is an agency of the EU and therefore the theft of our money by our MPs is a…](https://sms4smile.com/quotes/david-craig/it-could-be-argued-that-parliament-is-an-agency-of-the-eu-and/) [David Craig](https://sms4smile.com/quotes/author/david-craig/) > [“Oliver Cromwell is credited with having given the following speech when he dissolved Parliament on 20th April 1653: It is high time for me…](https://sms4smile.com/quotes/david-craig/oliver-cromwell-is-credited-with-having-given-the-following-speech/) [David Craig](https://sms4smile.com/quotes/author/david-craig/) > [“have tried to show the scale of the problem and suggest some actions our Government should take to help us out of our current…](https://sms4smile.com/quotes/david-craig/have-tried-to-show-the-scale-of-the-problem-and-suggest-some-actions/) [David Craig](https://sms4smile.com/quotes/author/david-craig/) > [“only way we can defend the rights and interests of the majority against the greed, arrogance, waste and incompetence of the small ruling elite…](https://sms4smile.com/quotes/david-craig/only-way-we-can-defend-the-rights-and-interests-of-the-majority/) [David Craig](https://sms4smile.com/quotes/author/david-craig/) > [“But if you’d waited before buying an annuity and suddenly go to that great spaceship in the sky before handing over your cash, then…](https://sms4smile.com/quotes/david-craig/but-if-you-d-waited-before-buying-an-annuity-and-suddenly-go-to-that/) [David Craig](https://sms4smile.com/quotes/author/david-craig/) > [“by removing the 10p band on non-savings income’. Here, what looked like a simplification of the tax system was in fact the abolition of…](https://sms4smile.com/quotes/david-craig/by-removing-the-10p-band-on-non-savings-income-here-what-looked-like/) [David Craig](https://sms4smile.com/quotes/author/david-craig/) > [“People who are retiring now are finding that annuity rates have been squashed by QE, and that they will get a smaller pension than…](https://sms4smile.com/quotes/david-craig/people-who-are-retiring-now-are-finding-that-annuity-rates-have-been/) [David Craig](https://sms4smile.com/quotes/author/david-craig/) > [“Another hidden danger with ‘switch and get rich’ is that older pensions might have guaranteed bonuses or annuity rate guarantees hidden away in the…](https://sms4smile.com/quotes/david-craig/another-hidden-danger-with-switch-and-get-rich-is-that-older-pensions/) [David Craig](https://sms4smile.com/quotes/author/david-craig/) > [“Thanks to Blair’s catastrophically invertebrate decision to agree to a cut in Britain’s EU budget rebate, we now pay far too much into the…](https://sms4smile.com/quotes/david-craig/thanks-to-blair-s-catastrophically-invertebrate-decision-to-agree-to/) [David Craig](https://sms4smile.com/quotes/author/david-craig/) [Explore all 24 David Craig quotes ](https://sms4smile.com/quotes/author/david-craig/) ## More Pension Funds quotes > [Well British pension funds have not been investing the savings of British people in British infrastructure.](https://sms4smile.com/quotes/george-osborne/well-british-pension-funds-have-not-been-investing-the-savings-of/) [George Osborne](https://sms4smile.com/quotes/author/george-osborne/) > [“Money Income from work Passive income Savings and pension funds Monthly expenses Special expenses”](https://sms4smile.com/quotes/shmaya-david/money-income-from-work-passive-income-savings-and-pension-funds/) [Shmaya David](https://sms4smile.com/quotes/author/shmaya-david/) > [A decade ago, I really did believe that the average investor could do it himself. I was wrong. I've come to the sad conclusion…](https://sms4smile.com/quotes/william-j-bernstein/a-decade-ago-i-really-did-believe-that-the-average-investor-could-do/) [William J. Bernstein](https://sms4smile.com/quotes/author/william-j-bernstein/) > [Social Security got passed because John D. Rockefeller was sick of having to take money out of his profits to pay for his workers'…](https://sms4smile.com/quotes/aaron-swartz/social-security-got-passed-because-john-d-rockefeller-was-sick-of/) [Aaron Swartz](https://sms4smile.com/quotes/author/aaron-swartz/) > [Things that have happened with Enron and companies like that, where they've squandered their employees' pension funds, I think it has brought a new…](https://sms4smile.com/quotes/mike-huckabee/things-that-have-happened-with-enron-and-companies-like-that-where/) [Mike Huckabee](https://sms4smile.com/quotes/author/mike-huckabee/) > [Retirement security is often compared to a three-legged stool supported by Social Security, employer-provided pension funds, and private savings.](https://sms4smile.com/quotes/sander-levin/retirement-security-is-often-compared-to-a-three-legged-stool/) [Sander Levin](https://sms4smile.com/quotes/author/sander-levin/) > [The IMF acts as the collection agent for global bondholders. Its projections begin by assuming that all debts can be paid, if economies will…](https://sms4smile.com/quotes/michael-hudson/the-imf-acts-as-the-collection-agent-for-global-bondholders-its/) [Michael Hudson](https://sms4smile.com/quotes/author/michael-hudson/) > [Imagine if the pension funds and endowments that own much of the equity in our financial services companies demanded that those companies revisit the…](https://sms4smile.com/quotes/eliot-spitzer/imagine-if-the-pension-funds-and-endowments-that-own-much-of-the/) [Eliot Spitzer](https://sms4smile.com/quotes/author/eliot-spitzer/) > [It's clear to me when you do private equity well, you're making companies more efficient and helping them grow and become more profitable. That…](https://sms4smile.com/quotes/david-rubenstein/it-s-clear-to-me-when-you-do-private-equity-well-you-re-making/) [David Rubenstein](https://sms4smile.com/quotes/author/david-rubenstein/) > [Contrary to a tenacious myth, France is not owned by California pension funds or the Bank of China, any more than the United States…](https://sms4smile.com/quotes/thomas-piketty/contrary-to-a-tenacious-myth-france-is-not-owned-by-california/) [Thomas Piketty](https://sms4smile.com/quotes/author/thomas-piketty/) > [I don't invest in the stock market, but I have pension funds - some in America and the UK.](https://sms4smile.com/quotes/eric-idle/i-don-t-invest-in-the-stock-market-but-i-have-pension-funds-some-in/) [Eric Idle](https://sms4smile.com/quotes/author/eric-idle/) > [The decision to incentivise savings for pension funds augurs well for infrastructure financing and retirement planning.](https://sms4smile.com/quotes/arundhati-bhattacharya/the-decision-to-incentivise-savings-for-pension-funds-augurs-well-for/) [Arundhati Bhattacharya](https://sms4smile.com/quotes/author/arundhati-bhattacharya/) > [After World War II, there were a lot of pension funds in Europe that were fully funded, but they were pressured to hold a…](https://sms4smile.com/quotes/edward-c-prescott/after-world-war-ii-there-were-a-lot-of-pension-funds-in-europe-that/) [Edward C. Prescott](https://sms4smile.com/quotes/author/edward-c-prescott/) > [There is the general belief that the corporation income tax is a tax on the "rich" and on the "fat cats." But with pension…](https://sms4smile.com/quotes/peter-drucker/there-is-the-general-belief-that-the-corporation-income-tax-is-a-tax/) [Peter Drucker](https://sms4smile.com/quotes/author/peter-drucker/) > [Bonds as an asset class will always be needed, and not just by insurance companies and pension funds but by aging boomers.](https://sms4smile.com/quotes/bill-gross/bonds-as-an-asset-class-will-always-be-needed-and-not-just-by/) [Bill Gross](https://sms4smile.com/quotes/author/bill-gross/) [Browse all 18 Pension Funds quotes ](https://sms4smile.com/quotes/about/pension-funds-1242549/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "“Another commented, ‘QE is a key ingredient in a recipe that is destroying the value of the UK’s retirement savings. 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