Threat to pension funds this week?
Threat to pension funds this week?
Author
Discussion

nickfrog

Original Poster:

25,276 posts

246 months

Wednesday 28th September 2022
quotequote all
I came accross this but I don't really understand the technicalities nor what the consequences on my pension savings would have been if the worst had happened, if any.

https://news.sky.com/story/run-dynamic-could-have-...

Edible Roadkill

2,228 posts

206 months

Wednesday 28th September 2022
quotequote all
Sky news….probably Murdoch trying to make the pound dive again so he can make a few more mil.

MadCaptainJack

1,757 posts

69 months

Wednesday 28th September 2022
quotequote all

OutInTheShed

14,392 posts

55 months

Wednesday 28th September 2022
quotequote all
Pension funds casino banking on margins and derivatives?


rfisher

5,063 posts

312 months

Wednesday 28th September 2022
quotequote all
MadCaptainJack said:
Here's a more informative article: https://www.risk.net/derivatives/7954682/uk-pensio...
Not a single sentence in that article is written in English.

Anyone here able to translate from jargon ridden garbage into plain English for normal people?

Gary C

15,225 posts

208 months

Wednesday 28th September 2022
quotequote all
rfisher said:
MadCaptainJack said:
Here's a more informative article: https://www.risk.net/derivatives/7954682/uk-pensio...
Not a single sentence in that article is written in English.

Anyone here able to translate from jargon ridden garbage into plain English for normal people?
Money, it all gone... frown

Pheo

3,548 posts

231 months

Wednesday 28th September 2022
quotequote all
Defined benefit pension funds buy large amounts of Uk government gilts (bonds) as supposedly a safe predictable investment (they’re heavily regulated)

They are also required to hold various ratios of assets and have enough cash etc.

As Tory UKGov appear to have s*T the bed, this has crashed UK gilt bond values forcing the pension funds to crash liquidate assets. This risked market contagion / spillover.

hepy

1,366 posts

169 months

Thursday 29th September 2022
quotequote all
Edible Roadkill said:
Sky news….probably Murdoch trying to make the pound dive again so he can make a few more mil.
He hasn't owned it for 4 years.



LeoSayer

7,815 posts

273 months

Thursday 29th September 2022
quotequote all
OutInTheShed said:
Pension funds casino banking on margins and derivatives?
That came as a surprise to me.

Chamon_Lee

3,948 posts

176 months

Thursday 29th September 2022
quotequote all
OutInTheShed said:
Pension funds casino banking on margins and derivatives?
Surprise surprise the crooks that are Blackrock are in the mix of this.

I always thought they had too much power and a huge amount of wealth under management.


rfisher

5,063 posts

312 months

Thursday 29th September 2022
quotequote all
Gary C said:
rfisher said:
MadCaptainJack said:
Here's a more informative article: https://www.risk.net/derivatives/7954682/uk-pensio...
Not a single sentence in that article is written in English.

Anyone here able to translate from jargon ridden garbage into plain English for normal people?
Money, it all gone... frown
Ahhhh I see.

biggrin