Bank of England

What have we learned from the past few weeks and what needs to change in the LDI sector?

BoE responds to Treasury Committee and DWP announces it will extend the DAP notice period

The situation went from ‘ringing you to let you know' to shouting on the phone in two days

Deputy governor explains why additional purchases in index-linked gilts were necessary

Chancellor makes emergency statement as BoE confirms ends of gilt market purchases

Move comes a fortnight earlier than planned

BoE’s bond market operations conclude after buying a total of nearly £20bn of paper

Additional measures from BoE to support LDI and gilt market, and a new pensions minister

BoE purchases of index-linked and conventional gilts now stand at nearly £18bn

Some pension funds may be forced to rely on asset sales to meet margin calls