► Subscribe to the Financial Times on YouTube: http://bit.ly/FTimeSubs<br /><br />Eurozone QE is having a detrimental effect on pension funds, as it drives down interest rates. Paul Watters, head of corporate research at Standard & Poor's, tells capital markets editor Ralph Atkins about the impact on management of funds and companies' ratings.<br /><br />► FT Markets: http://bit.ly/1J5HNd3<br /><br />► FT Global Economy: http://bit.ly/1J5mmqH<br /><br />► European Equities Just Catching Up: http://bit.ly/1IeTJ6t<br /><br />For more video content from the Financial Times, visit http://www.FT.com/video<br /><br />Twitter https://twitter.com/ftvideo<br />Facebook https://www.facebook.com/financialtimes