Industry criticises 2022 as an adverse year for pensions

Findings from a new poll conducted by PA's sister title PP

Martin Richmond
clock • 1 min read

The majority of the industry found 2022 to be a less than positive year for pensions, according to a new poll.

Results from a December survey conducted by Professional Adviser's sister title Professional Pensions revealed 54% of respondents felt the last 12 months have not been positive for the industry. This was against 36% who disagreed and 14% who voted 'don't know'. Of the respondents who said 2022 had not been a positive year, several pointed to the liability-driven investment (LDI) crisis for final salary schemes that arose from September's Mini Budget. One respondent said: "The LDI crisis was very damaging. Stock market has been volatile, pension valises have fallen and recovery seems s...

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