All Bank of England articles
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NewsBank of England launches repo facility for pension funds
The Bank of England has this week opened a derivatives trading facility to support pension funds and liability-driven investment (LDI) managers at times of market stress.
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NewsWhat the next gilts market shock could look like
The Bank of England has published the results of a wide-ranging scenario analysis involving pension schemes, liability-driven investment strategies and insurers – and found that lessons have been learned from the 2022 gilts market shock.
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NewsLearning lessons from the gilts crisis
A year on after the historic collapse and bailout of the gilt market, has the pensions industry learnt lessons?
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NewsBank of England holds base rate at 5.25 per cent
The financial services industry has welcomed the UK central bank's decision to keep the base rate on hold at 5.25 per cent.
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NewsFalling inflation may benefit state pensioners in the short term
The headline rate of inflation was down again in July 2023, for the second consecutive month.
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NewsBank of England raises rates to 5.25%
Bank of England raises rates to 5.25 per cent, as economists predict ‘at least’ another two more rate rises this year.
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NewsUK economy: GDP falls 0.1 per cent
The UK economy dipped in May, according to the Office for National Statistics.
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NewsInterest rates hiked to 5% as Bank of England fights inflation
The Bank of England has increased the base rate by 50 basis points
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NewsBank of England raises interest rates to 4.25%
The Bank of England has raised the base rate of interest, despite concerns over the impact this will have on the banking sector.
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NewsLords call for ‘far stricter limits’ on LDI leverage
A committee in the House of Lords has called for “far stricter limits” on leverage in liability-driven investments, which it believes caused the Bank of England intervention, while considering giving the Prudential Regulation Authority a role in schemes’ supervision, due to their “bank-like” strategies.
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NewsManagers using LDI debacle to ‘grab assets’ from schemes
Asset managers are using the liability-driven investment turmoil as an excuse to “grab assets” from defined benefit schemes by demanding buffers higher than those recommended by the regulators, a former fund manager has revealed.
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NewsLDI turmoil could reduce DB schemes’ investment in illiquids
The fallout from the September market turmoil will be “wide-ranging” for UK defined benefit schemes, with regulatory changes influencing their capacity to invest in less-liquid growth strategies, according to a new report from Bloomberg Intelligence.
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NewsLDI funds sold £23bn of gilts during market turmoil
Liability-driven investment funds sold £23bn of gilts in three weeks during the market turmoil in 2022, with pooled funds being forced sellers, Andrew Bailey has revealed.
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NewsDB schemes’ surplus rises £5.2bn in December
On the go: The aggregate surplus of the 5,131 defined benefit schemes in the Pension Protection Fund 7800 Index increased by £5.2bn in December.
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NewsDB schemes mull legal action against LDI asset managers
Defined benefit schemes that suffered losses as a result of the recent market volatility are considering bringing legal claims against their asset managers and advisers, legal experts have warned.
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OpinionLDI turbulence – the case for independent oversight
In times of crisis, pension funds’ investment strategies are put to the test – and 2022 has hardly been short of crises.
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FeaturesHow will DB schemes navigate 2023?
How will DB schemes navigate 2023?Market turbulence, surging funding levels and new regulations look set to dominate defined benefit schemes again this yearEnterkeywords.sh_embed {position: relative;height: auto;width:100%;z-index: 0;overflow: hidden;background-color: #222;color: white;font-family: 'Lato', 'Helvetica Neue', Helvetica, Arial, sans-serif;}.sh_embed * {-webkit-box-sizing: border-box;-moz-box-sizing: border-box;box-sizing: border-box;}.sh_embed .sh-embed-bg {position: absolute;width: 110%;height: 110%;top: -5%;left: -5%;z-index: -1;background-color: rgba(0,0,0,.8);}.sh_embed ...
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NewsRegulator dismisses delaying DB funding code due to LDI crisis
The Pensions Regulator has denied a request from MPs to delay the launch of its defined benefit funding code consultation due to the recent market turmoil, justifying that the document already includes a section about systemic risk.
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NewsBank of England raises interest rates to 3.5%
On the go: The Bank of England has raised interest rates by 0.5 percentage points.
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NewsBank of England calls for LDI regulatory action from TPR
The Bank of England has called for more regulatory action from the Pensions Regulator to ensure increased resilience in liability-driven investment funds, while supporting investment consultants becoming regulated by the Financial Conduct Authority.