Liability Driven Investment

Launch comes after research showed variation in manager performance during crisis

House of Lords committee also says pension accounting standards need review

Bank says pooled vehicles played major role despite representing only 15% of LDI market

UK pension funds were ‘like a tuna fish in a paddling pool’ in relation to gilt markets

Move supported liquidity challenges during the market turbulence at the end of 2022

Compensation for LDI losses will depend on the advice provided and the contracts in place

Sam Seadon says the future is likely to herald less leverage, cost and complexity

Chris Edwards-Earl looks at the fallout of the LDI crisis and if funds could claim for redress

Watchdog says voluntary accreditation regime does not go far enough

Bank says there is a clear need for ‘urgent and robust measures’ to fill supervisory gaps