The reality is that the pension funds need to be reined in and forced to withdraw from their ‘greed’ positions and to get back to ensuring they have sufficient assets and commensurate returns to cover their liabilities.
If the Bank of England maintained what was effectively a bailout for these funds then you can guess what the funds would continue to do.
Yes – pursue greed and management excesses.
The – Report of the Special Rapporteur on extreme poverty and human rights – for the UN was released this week (July 7, 2020). It was Philip Alston’s last report in that role. It is […]
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