They are not on the brink of collapse. Your house of cards is well and fine. I don't know what else I can be explaining. Just on standalone perspective, I think lower risk management for the UK pension fund is better. I think managing funds by trading it like a hedge fund is something your regular citizen may not be aware of and there are other ways to hedge and match assets to liabilities that don't involve 100% loss of principal of a pension. I think everyone is giving the fund and govt and banks too easy of a pass by not criticing them for the boe nonsense. If ppl are upset at a statement about gas bill and can give enough stink that they will back track an announced tax cut, then you have the ability to give feedback that will yield a response. This is far more important than the gas.