Today news
About the same in other media
The UK’s market meltdown began with good intentions — here’s what went wrong
Reading now: 977
fnlondon.comThe derivatives-based investment strategy that tipped the UK’s pension sector into crisis started with good intentions: Help companies fulfil promises they made to employees to pay a steady income through retirement.
Behind the push into that strategy, say pension trustees and their advisers, was the Pensions Regulator, the UK’s powerful watchdog, charged with safeguarding the savings of millions of private-sector workers. The regulator steered private pension funds to adopt liability-driven investments, known as LDIs, linked...
Read more on fnlondon.comAbout this in other media
Bank confirms pension funds almost collapsed amid market meltdown theguardian.com /2 years ago
Mortgage mayhem sparks fears of a housing market crash in Britain cnbc.com /2 years ago
Denmark's Queen Margrethe says 'sorry' for stripping royal titles from grandchildren euronews.com /2 years ago
Show more
The website finance-news.co. is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
![Bitcoin [BTC] holders anticipating a bear market floor should read this](https://finance-news.co/storage/thumbs_400/img/2022/10/12/44503_wur1.jpg)
