ChrisNix wrote:XFool wrote:BT’s pension fund ‘fell by £11bn’ after mini-budget
The Guardian
Report from one of the UK’s largest schemes is an early indicator of scale of the financial impact on retirement funds
But the value of bonds needed to cash flow match the outflows fell by more, so on bond based measures funding improved.
So this financial catastrophe for DB pension funds was just a con. They are likely to end up better funded. We really have been conned haven't we? It was a manufactured crisis.