The Treasury has brushed off criticism that monetary policy is damaging schemes by claiming quantitative easing has boosted scheme fund values and reduced investment risk.
The Bank of England is to launch new stimulus packages in a bid to get the economy moving again.
Rachel Dalton examines the industry response to the guidance.
Whenever something unexpected occurs, we look for a cause.
The pensions industry has an "oversimplified" view of quantitative easing's impact on scheme investments and should not blame the Bank of England for low bond yields, ING say.
The Bank of England has left interest rates unchanged at and signalled its intention to continue with its £325bn programme of quantitative easing.
In the first part of our run-down of the most read Professional Pensions Online articles in 2011, we look at the top 10 features during the year.
Kees de Koning explains how economic easing can help UK schemes
John Redwood urges schemes to look beyond Europe