Near Collapse of Credit Suisse: Implications for UK Pension Schemes
Near Collapse of Credit Suisse: Implications for UK Pension Schemes
21 Mar 2023
XPS’s Chief Investment Officer Simeon Willis reviews the near collapse of Credit Suisse on defined benefit pension schemes and highlights some key considerations for trustees and corporate sponsors of UK pension schemes.
On Monday, it was announced that UBS agreed to buy Credit Suisse (CS) following a loss of confidence in the CS’s depositor base, which had led to outflows of deposits potentially compromising its solvency.
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