Defined benefit schemes already wary of risk allocate just 3% of assets to UK equities

This pensions crisis adds to the City’s existential angst

There are false dawns. And then there was 2021 for the London stock market.
Last year was heralded as a turning point for the City, with ministers and entrepreneurs lining up to gush about a “brilliant year”, with 37 tech listings raising more than £6bn, proving London’s competitiveness as a listing destination. “2022 now has the potential to be another record-breaking year,” said the government.
How, as they say, is that working out for you?
This story originally appeared on: Financial Times - Author:Helen Thomas