BEAMSTART Logo

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.


More Pictures


or

Article Details

Author / Journalist: The editorial board

Category: MarketsFinanceInvesting

Markets:

Topics:

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: ft.com

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

View Article Analysis

About Financial Times

Financial Times Logo

Main Topics: MarketsFinanceInvesting

Official Website: ft.com

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

Publisher Details

Frequently Asked Questions

How long will it take to read this news story?

The story "UK pension funds’ crunch should be a cautionary tale" has 663 words across 38 sentences, which will take approximately 3 - 6 minutes for the average person to read.

Which news outlet covered this story?

The story "UK pension funds’ crunch should be a cautionary tale" was covered 1 months ago by Financial Times, a news publisher based in United States.

How trustworthy is 'Financial Times' news outlet?

Financial Times is a fully independent (privately-owned) news outlet established in 1888 that covers mostly markets, finance, and investing news.

The outlet is headquartered in United States and publishes an average of 18 news stories per day.

It's most recent story was published 8 hours ago.

What do people currently think of this news story?

The sentiment for this story is currently Negative, indicating that people regard this as "bad news".

How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.
  • News ID: #744658
  • URL: https://beamstart.com/news/uk-pension-funds-crunch-should-16649918424293

BEAMSTART brings you the latest news, jobs, and events from all around the world on startups, technology, and business. Stay updated with industry news, plug-in to exciting events, and discover incredible career opportunities with the world's most innovative companies.

© Copyright 2022 BEAMSTART. All Rights Reserved.