UK pension funds’ crunch should be a cautionary tale

Financial Times LogoFinancial Times1 mo ago

UK pension funds’ crunch should be a cautionary tale - Financial Times

Quick Summary:

The original sin lies with a prime minister and chancellor who poured petrol on volatile markets with an unfunded fiscal statement promising huge tax cuts.

Another lesson from the financial crisis is the importance of rigorous, obligatory stress tests that have consequences for failure.

While many pension funds do stress test their models, the tests are not set by the regulator and are not tough enough.

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Article Details

Author / Journalist: The editorial board

Category: MarketsFinanceInvesting



Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-10-05 @ 17:20:43 (1 months ago)

News Timezone: GMT -5:00

Ranking: #33 (out of 3193 stories this day)

News Source URL:

Language: English

Article Length: 663 words

Reading Time: 4 minutes read

Sentences: 38 lines

Sentence Length: 18 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Financial Times

News ID: 744658

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About Financial Times

Financial Times Logo

Main Topics: MarketsFinanceInvesting

Official Website:

Update Frequency: 18 posts per day

Year Established: 1888

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #3

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