Image:
Photo: Parliament UK
The Work and Pensions Committee (WPC) has asked The Pensions Regulator (TPR) if liability-driven investment (LDI) is fit for purpose and whether it should have taken stronger action to avoid the liquidity crisis that unravelled last week.
After chancellor Kwasi Kwarteng announced his Mini Budget on 23 September, a sharp increase in gilt yields led to pressure on leveraged LDI positions, leading pension funds having to meet fast coll...
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
