Image:
What schemes do next will depend on the impact of interest rate movements and hedging on their funding status and asset allocation
Gilt markets have calmed now Rishi Sunak has become prime minister and Liz Truss’ economic policies have been reversed. This allows scheme trustees, their advisors and liability-driven investment (LDI) managers to take stock. As the dust settles, it’s possible to discern what schemes will do next.
XPS Pensions Group investment partner Adam Gillespie says: "Most schemes have done everything they can to pay the collateral calls and keep their hedging in place." Not every scheme will, however, ...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
