Australia. Solvency Of Pension Funds At Risk From Prolonged Low Interest Rates, Say Central Banks

The solvency of private pension funds and insurers would be at risk from continued prolonged low interest rates, the Committee on the Global Financial System (CGFS) said in a report released today.

Banks would suffer too, but to a lesser degree, predicted CGFS, a consortium of central banks.

The report warned “low-for-long” interest rates could shrink the profitability and strength of financial firms.

Read More: Forbes