pensions crisis - deVere Group

How Bad is the Pension Crisis?

The government’s mini-budget of September 23rd spooked the market. Pension funds were forced to sell gilts to cover a liquidity crunch, as their capacity to match their asset and liquid value collapsed in the face of high-interest rates and bond yields. With the author of that crisis (Kwasi Kwarteng) now sacked, and Jeremy Hunt assuming […]

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How Bad is the Pension Crisis?

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