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By Chris Dorrell Pension funds saw their valuations plunge by nearly a quarter in 2022, partly due to the bond market turmoil that followed Liz Truss’s mini budget, new research suggests. According to a new report from the Pensions Regulator, the value of assets held by pension funds fell by around £425bn over 2022, equivalent to a 24 per cent fall in the overall value of scheme assets. “This fall in assets is primarily due to the loss in value of gilts, corporate bonds and property,” the report said. Asset values hit their lowest point in September, pointing to the impact of Truss’s fiscal ev…

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