Image:
Sarah Breeden: The complexities surrounding pooled funds created the severe dysfunction that caused the BoE to intervene
The operational and governance complexities of recapitalizing pooled funds were a primary driver of the liability-driven investment (LDI) market crisis last year, the Work and Pensions Committee (WPC) has heard.
In the second session of the fourth formal meeting of the WPC's inquiry into defined benefit pensions with LDI - held this morning (1 February) - the committee heard evidence from Bank of England (...
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
