LDI

Appropriate governance structures in place vital as risks ‘move in and out of vogue’

Aggregate surplus of UK pension schemes rose over May as gilt yields increased

How scheme objectives and investment portfolios have changed over the past six months

LGIM discusses ways for defined benefit (DB) schemes to build a stable liquidity pool, while balancing future returns and considering the importance of deep liquidity in light of the significant gilt market volatility of 2022.

Two year gilt yields have risen to 4.48%, the highest level since last September’s peak

The LDI crisis has resulted in a step change for the pensions industry

Correspondence comes as part of WPC’s inquiry into liability-driven investment

PP survey finds half of the industry still views ESG as a top priority despite LDI crisis

Regulators publish LDI guidance, and TPR urges trustees to review funding targets

Guidance covers investment, buffers, resilience testing, governance and LDI monitoring