QE 'could impact saving for Brits'

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QE 'could impact saving for Brits'

Quantitative easing (QE) could have a significant impact on UK savings and pensions, it has been claimed.

Adrian Lowcock, independent financial advisor at Bestinvest, said any rise in inflation created by a new round of QE would ultimately mean savers have an even more difficult job of making returns on their investments, due to the fact that as the purchasing power of cash savings diminish, the real-term value of the assets do too.

He commented: "Pensions and investments will need to outperform the rate of inflation for pensioners and investors to be able to maintain the same standard of living."

According to Dave Penny, independent financial advisor and managing director at Invest Southwest, international commodity and market prices are having a much greater impact on UK inflation at present than any measures by the Bank of England - including the latest round of QE.

He added the UK is presently suffering as a result of the weak pound.

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