The Near Collapse of the UK Pension Sector Exposes Failures by Financial Regulators
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The Near Collapse of the UK Pension Sector Exposes Failures by Financial Regulators
In an earlier article, I explained that the collapse in the long-dated UK government bond (or gilts) market on September 28 that followed the ill-fated Kwarteng “mini budget” of a few days earlier had exposed a hitherto underappreciated problem: UK pension schemes were massively exposed to changes i
Source: mises.org