Wondering why UK pension funds are so badly run....

Is annoyed Local Govt pension funds lost £24bn last year (roughly 1yrs worth of council tax)

http://www.communities.gov.uk/documents/statistics/pdf/1357982.pdf

Is impressed with how well today's 2060 gilt syndication went......and thinks moving the retirement age to 70 might be a good thing.

Ok

I

Good to see Berkshire hedging it's longeivity risk. Finally a LGPS realising liabilty volatility matters!