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The Pensions Regulator, and by extension the government, is wholly responsible for the carnage that's unfolded the past couple of weeks and will continue to grip the UK Pensions Industry for the foreseeable. The whole budget debacle was unnecessary but not enough questions are being asked of the regulator and how they were happy to let pension funds gorge on leveraged LDI funds without, in my opinion, fully understanding the risks of these strategies.
I expect that whatever happens to the UK economy over the next months and years, the government will blame it on the BoE. Cunts.