UK Young Anglican vicars are facing the prospect of a bleaker retirement after the Church of England’s pension scheme succumbed to the “cult of equity” and sank all of its investments into stocks towards the end of the 1990s bull market.
The Church of England’s current pension scheme for clergy is now considering sharply curtailing the rate at which they accrue benefits. For a young clergyman these benefits could turn out to be less than half of what recent retirees receive.
