UK Pension Scheme's Bitcoin Investment

This is a news story, published by Sky News, that relates primarily to Cartwright news.

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UK pension scheme

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UK pension funds

Sky News

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UK pension scheme called 'deeply irresponsible' for investing in Bitcoin

Summary

Nutrition label

64% Informative

Pension scheme uses 3% of its assets to buy into the cryptocurrency last month .

Pension specialist Cartwright acted as an adviser to the scheme and said the move was a "strategic move" But some experts seem less enthusiastic about the decision, warning it bordered on "gambling with retirees' futures" Pension trustees tend to be against taking big risks with pension funds.

VR Score

Informative language

Neutral language

Article tone

informal

Language

English

Language complexity

Offensive language

possibly offensive

Hate speech

not hateful