Threat to pension funds this week?

[nickfrog]

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]

Sky news….probably Murdoch trying to make the pound dive again so he can make a few more mil.

[MadCaptainJack]

Here's a more informative article: https://www.risk.net/derivatives/7954682/uk-pensio...

[OutInTheShed]

Pension funds casino banking on margins and derivatives?

[rfisher]

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]

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...

[Pheo]

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]

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]

OutInTheShed said:

Pension funds casino banking on margins and derivatives?

That came as a surprise to me.

[Chamon_Lee]

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]

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...

Ahhhh I see.