The Risk of a UK Pension System Crash in the Second Half of 2023

Raoul: The break evens in credit and fixed income at the moment are better than I have seen them in 23 years. Investment grade credit is a 10 to 15 volatility asset class, so you're being compensated for it. For equity, like forward looking returns, you're getting Genormous potential for looking volatility. You are getting on like risk for forward looking equity like returns.