So I think my phone is haunted or some content tripped a secret galaxy zero sum rule. There's a part that just doesn't show and not at fixed points however I cut and paste or redraft. Have to abandon
Pls pls pls just rem to chat with all ur friends and relatives about having your pensions used as brokerage funds and not sitting in bank with usual bank protection confines. I am not suggesting any misconduct or insider scam - they probably discussed this for months with accountants lawyers etc. But it is bad financial management and even worse, done primarily for ease of preparing filing obligations. All it takes is for enough emails to govt addy asking for more details like so where are our pensions actually held? Are they in a bank? What was the actual derivatives trade? Reply or no, they will get the vibe ppl want more info and are concerned. This is really important. Now might be the best time because of timing with other issues and politicians are sensitive to public opinion atm.
It is the construct that is the problem and the playground it is happening at. Margin trading alone should have sent ppl scurrying for the hills so the decision makers at the pension fund are clearly forgetting their role in the big picture. This is a full combination of margin trading with derivative contracts as a financial institution in a hedge trading framework. I wish we knew the actual derivatives trade so it's easier to use as example. In any case, the potential loss is >100% so long as whatever they were betting on is still a live figure in the market. Do not forget about this and keep your eye on it unless and until someone announces your pension is deposited in a custodian account or at least no longer being traded like this. It has nothing to do with healthy funding ratios or leverage ratios or how nice and robust and overfunded they look right now. Can I remind that if the figures look real nice now, the credit is that of BOE saving the day and not really the strategy that worked out so well?