Edmund Truell: ditch gilts and embrace illiquids to plug DB hole
The former London Pension Fund Authority (LPFA) chairman has warned holding onto gilts will safely guarantee the bankruptcy of defined benefit (DB) schemes.
Speaking at Pensions and Benefits UK last week, Edmund Truell (pictured) questioned why the industry craves liquidity and said schemes should invest in more illiquid assets such as infrastructure. It...
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Market Movers Blog: Budget — 'Fiscal firepower' to be accompanied by tax rises
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