20 years on, Boots clearly led the way with LDI

Headline news in 2001 is now good news for members, says James Mullins

clock • 3 min read
James Mullins is head of risk transfer solutions at Hymans Robertson
Image:

James Mullins is head of risk transfer solutions at Hymans Robertson

20 years ago, in the autumn of 2001, the Boots Pension Scheme hit the headlines because it had invested all of its assets in high quality long-dated bonds, selling over £1bn of equities in the process. I was only three years into my pensions career at the time but I remember being fascinated by this ground-breaking development.

At the time, it was a unique and surprising thing to do, because there was little focus on managing pension scheme investment risk. Indeed, in 2001, pension schemes in the UK invested 75% of their ...

To continue reading this article...

Join Professional Pensions

  • Unlimited access to real-time news, analysis and opinion from the industry
  • Receive our in-depth monthly magazine in either print or digital format
  • Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
  • Receive important and breaking news stories selected by the Editors in our daily newsletter
  • Hear from industry experts and other forward-thinking leaders
  • Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date

Join now

 

Already a Professional Pensions
member?

Login

More on Defined Benefit

Industry members claim DB pensions 'not a success story'

Industry members claim DB pensions 'not a success story'

LCP conference attendees do not consider DB pensions to have been a success

Martin Richmond
clock 28 November 2023 • 2 min read
Andrew Grime, Partner, Aon

Partner Insight: Are Alternative Risk Transfer Solutions Right for You?

Andrew Grime, Partner, Aon
clock 28 November 2023 • 4 min read
Birch: We are committed to enabling innovation in the DB space

TPR: Engage promptly if considering a capital-backed journey plan

Regulator confirms guidance on alternative funding arrangements to be published in 2024

Martin Richmond
clock 27 November 2023 • 2 min read
Trustpilot