UK Pension Funds Call on BOE to Extend Intervention Amid Turmoil

The Bank of England should extend its emergency bond buying at least until the government’s fiscal plan arrives at the end of this month, according to a pensions industry body.

The plea comes after disorderly trading in gilts, with record moves seen in longer-dated and inflation-linked bonds favored by liability-driven investors such as defined-benefit pensions. That led the BOE to expand the scope of its buying, though this is due to end on Friday.