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Property going up and trad pensions failing are two sides of the same falling interest rates coin. Thinking they could have had both is having your cake and eating it.
In the sense that defined benefit pensions become much more expensive to provide when interest rates are low?
I suppose that's true, but then those with DB pensions never had to worry about what I was talking about, which is that you invest your DC pot with some shyster that charges rip-off fees, puts it in an extremely speculative investment that fails or plain runs off with it.
DC pots that were invested sensibly have (until recently) been buoyed up by low rates in the same way as property.
Property going up and trad pensions failing are two sides of the same falling interest rates coin. Pisses me off when boomers* (no, I'm not one despite how it looks to young-uns) complain about the latter without acknowledging they also benefitted from the same mechanism via property. Thinking they could have had both is having your cake and eating it.
.* the ones that own property anyway