The Pension Crisis Is Self Inflicted

In a world of basically zero interest rates globally, and where you're sitting all over europe, its negative. Maybe you can go out to high yield bonds at four %, like there's nothing high about four%. And with inflation running maybe three, four %, youre really not making any money so far. So i think the pension crisis is is self inflicted. Too much reliance on fixed income. Not enough in traditional equities, not enough in private,. not enough in things like private n look, thit's not all pensions. There are plenty of good pensions that are well run, that have have done really well. One of our biggest clients has had the best performing pension