Despite being chancellor for less than a month, Kwasi Kwarteng has been named as second only to Gordon Brown as the worse chancellor for pensions over the past 25 years, a poll reveals.
Some 31% of respondents to the latest Pensions Buzz survey conducted by Professional Adviser's sister title Professional Pensions said Kwarteng was the worst chancellor for pensions. As one said of Kwarteng: "And only a few days into the job! The economy is in danger of collapsing on the global stage." Another added: "There has been significant damage done to defined contribution (DC) funds, especially for those thinking of retiring in next ten years." A third agreed: "Kwarteng is off to a cracking start as the chancellor most likely to tank the economy - don't launch a huge fiscal...
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