The recent turmoil sparked by the mini-budget led to fears about the stability of pension funds.
How does the bond-buying scheme help pension funds?
If this spiral had continued, there was a risk that some pension funds might have reached a position where they could not pay their debts. But it's worth noting that companies which offer defined benefit pension schemes have a legal responsibility to shore them up if necessary.If you're in a defined contribution scheme, your pension is less likely to been have affected by the recent crisis. These schemes normally only have a small amount of their investments in government bonds.
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