Liability Driven Investment

The deal marks the largest OCIO mandate awarded to date in the UK market

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

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

The BoE adviser says deteriorating derivative and repo positions led to evaporating liquidity

Natalie Winterfrost says there could be issues should schemes start selling index-linked gilts

Detailed TPR regulations and stress testing update will be needed

The Financial Policy Committee also says that TPR should have financial stability objective

Iain Clacher and Con Keating’s response to feedback on their blog on the costs of LDI

Iain Clacher and Con Keating start to assess the true cost of last year’s LDI market crisis

Pensions minister said LDIs ‘have their place’ but warned changes are needed going forward