UK pension funds almost collapsed amid market meltdown: Bank of England
London, Oct 6 (IANS) Pension funds managing vast sums on behalf of retirees across Britain came close to collapse amid an “unprecedented” meltdown in UK government bond markets after Kwasi Kwarteng’s mini-budget, the Bank of England has said, the media reported. Explaining its emergency intervention to calm turmoil in financial markets last week, the central …
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