Liability-Driven Investing – Page 3
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News
Irish Pensions Authority calls on DB schemes under LDI scrutiny
The regulator wants to know that, where schemes decide to implement an LDI strategy, trustees are making informed decisions
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News
DWS increases portfolio duration after LDI market turmoil
Liabilities of the Deutsche Bank’s pension plans amount to €20.4bn
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FeaturesPension funds on the record: how they manage LDI
Pension funds reflect on the role of LDI in their portfolios and the risks associated with an unlikely, but not impossible, sudden rise in interest rates
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FeaturesUK LDI woes raise wider European questions
Turmoil in UK Gilt markets has forced continental European pension industries to review their risk management strategies
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Opinion PiecesLessons on LDI: learn from the Dutch cultural revolution
Around 20 years ago, UK occupational pension liabilities underwent a structural change. With assets weighted towards UK equities, still cashflow positive and open to new members and future accrual, liabilities were not too greatly discussed.
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News
Volatile markets bring annual reporting challenges as deadline looms for trustees
Trustees should consider the accounting implications of how much a scheme is exposed to current volatility
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NewsUK roundup: Cobham scheme completes £530m buy-in
Plus: DB deficits could be a thing of the past; £1.3trn wiped off value of UK bonds since start of 2022
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NewsUK pensions committee launches inquiry into DB schemes with LDI
Inquiry will focus on impact of recent volatility in Gilt yields on DB schemes with LDI strategies and their regulation and governance
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Opinion PiecesViewpoint: Consolidation in UK pensions market – what are the options?
Will there be an increase in pension scheme consolidation in the UK market and will it lead to increased investment in alternative ESG assets? Consolidation could provide the collateral to invest in greater ESG assets.
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News
UK volatility ‘useful warning’ for Dutch pension funds
Dutch schemes must check whether they can run into liquidity constraints when rates rise, according to pension regulator DNB
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News
UK pensions industry to keep vigilant despite stable bond yields following ‘mini budget’ u-turn
The near-term technical picture is not a positive one, says Hymans Robertson
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News
Danish PFs: UK LDI fright shows need for stress tests, central clearing rethink
Sampension, PFA CIOs say UK-style crisis less likely in Denmark because of larger, more liquid euro market
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News
DB pension schemes ‘are not at risk of collapse’, says TPR
Regulator’s CEO says ‘it is absolutely clear that there have been liquidity issues in some of the funds’
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NewsBuyers beware? SPP panel ponders bulk annuities
Pensions industry should focus on long-term implications, says regulator
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NewsBank of England keeps tight grip on Gilts market
The purpose of these operations is to enable LDI funds to address risks to their resilience from volatility in the long-dated Gilt market
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News
Bank of England launches additional measures to help LDI market
LDI will continue to play a role in pension fund strategies despite market turmoil
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News
UK roundup: Pension schemes boost stress testing as risk increases
Plus: FTSE 350 pension schemes’ surplus falls back to £5bn; Professional trustee market soars
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AnalysisAnalysis: Goodbye, LDI? Too early to say
The sudden and unprecedented rise in Gilt yields, caused by the UK government massive fiscal stimulus announcement, tested the risk management strategies of UK DB schemes
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NewsBank of England intervention eases pressure on DB schemes facing margin calls
Pension funds should proactively look for ways to shore up liquidity, says consultancy
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News
Bond volatility demands UK schemes prepare for urgent action, says Aon
The situation has arisen because the bond market has repriced rapidly
