Money blog: UK pension scheme called 'deeply irresponsible' after ...

4 hours ago · A UK pension scheme has been called "deeply irresponsible" after investing in Bitcoin. The unnamed defined-benefit scheme became the first in the UK to make the plunge, …

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I'm About To Retire: How Could My 'safe' Pension Fund ... - This Is …

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Oct 30, 2023 · More than £6 billion has been wiped from the value of older workers' pensions as an estimated £15 billion in workplace schemes was invested in these funds as of 18 months …

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Why We Should All Be Worried About The Crisis At UK Pension Funds

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Oct 7, 2022 · U.K. pension funds, which hold around £1 trillion in assets, became stuck in a “doom loop,” where they had to sell more government bonds, known as gilts, to meet cash …

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Why Britain's Pension Funds Are At The Root Of Its Financial Crisis

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Oct 17, 2022 · So safe in fact that 60% of UK pension funds use them, and their total value is around £1.2 trillion (just over €1.38 trillion), according to the Lifetime Pensions and Savings …

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Warning As £2billion Lost From UK Pension Pots - The Mirror

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Apr 17, 2024 · The financial watchdog has received more than 43,000 claims for lost pensions totalling almost £2billion since 2019, new analysis shows.. If your pension scheme provider …

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Pension Savers ‘risk Losing Thousands’ Due To ... - The Independent

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Feb 20, 2024 · Just over seven in 10 (72%) of people who had recently transferred their pension did not know the exact fees for their old pension, or their new charges, according to a survey …

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Pension Blunder At DWP Discovered By Steve Webb Means

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Jul 24, 2024 · Stamp prices look set to rise yet again as Royal Mail faces £120m bill after the Chancellor's Budget National Insurance raid; Bitcoin soars closer to $100,000 with the …

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Pension Holders Left Frustrated By Delays And Mistakes

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Oct 21, 2022 · Change is coming for pension providers. In June, The Pensions Regulator found that more than half (51%) of DC schemes continue to hold at least some member records non …

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Is a UK pension scheme 'deeply irresponsible' after investing in Bitcoin?

We've spoken to lots of top chefs - check out their Cheap Eats from around the country... A UK pension scheme has been called "deeply irresponsible" after investing in Bitcoin. The unnamed defined-benefit scheme became the first in the UK to make the plunge, using 3% of its assets to buy into the cryptocurrency last month. ...

Could a pension fund blow up?

“You could have a pension fund blow up and the financial system keeps working,” said Kelly from Yale University. “It was really about the gilt market.” Post-crisis regulations have pushed banks, insurers and pension funds to invest more in “safe assets” like government bonds — but those assets aren't immune to a sell-off. ...

Why are UK pension funds in a 'Doom Loop'?

U.K. pension funds, which hold around £1 trillion in assets, became stuck in a “doom loop,” where they had to sell more government bonds, known as gilts, to meet cash calls on leveraged bets. Those sales in turn pushed the price down further. ...

Why are pension schemes speculating & not hedging?

What we see now is happening because pension schemes have been speculating — investing in equities, private equity and hedge funds, with disguised borrowings or leverage — not hedging. By increasing leverage, many UK pension schemes have been operating as badly run hedge funds, increasing risk for themselves and the whole financial system. ...

What was the real crisis for pension funds?

"The real crisis for pension funds was when interest rates were at zero, not now," said Mr. Joshi. The situation was nevertheless tense. No one had imagined that interest rates would rise so quickly. Pension funds had been struggling to provide the liquidity needed to bail out life insurance policies for several months. ...

Should UK pension funds invest in crypto?

Chris Barry, a director of Thomas Legal, says that anything less than a 5% allocation is "sensible", and UK pension funds need to catch up to their US equivalents who have been investing in crypto for years. "Bitcoin is the top performing asset class over the past 10 years on average, even beating the NASDAQ. ...