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TPR's Lou Davey: "Trustees must understand the risks they carry in their investment strategy, and only use leveraged LDI if appropriate."
The Pensions Regulator (TPR) and Financial Conduct Authority (FCA) have published guidance on liability-driven investments (LDI).
The TPR guidance, published today (24 April), sets out practical steps for trustees to manage risks - stressing the importance of good governance, controls to reduce risks, and the ability to react...
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