All Gilts articles – Page 2
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NewsTPR expects improved LDI liquidity buffers to be maintained
The Pensions Regulator has set out its expectation that liquidity buffers be maintained across pooled and leveraged liability-driven investment mandates, going beyond the demands of Irish and Luxembourgish regulators.
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NewsLDI pooled funds determined Bank of England intervention
The Bank of England’s bond market intervention was determined by the lack of ability of liability-driven investment pooled funds to receive the liquidity needed from schemes to rebalance in a short period of time, Andrew Bailey has revealed.
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NewsInflation is main concern for DB trustees and sponsors
On the go: Inflation and monetary policy represent the key concern for three-quarters (74 per cent) of pension trustees and their sponsors over the next six months.
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NewsPodcast: Was the Bank of England right to intervene during the LDI crisis?
Podcast: Was the Bank of England right to intervene in gilt markets in the autumn, as hell broke loose across markets? Cartwright director of investment consulting Sam Roberts makes the case against the central bank’s bond-buying programme. The Lang Cat director of public affairs Tom McPhail, meanwhile, shares his thoughts on the Autumn Statement and the future of the triple lock.
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NewsL&G blames govt for LDI crisis and backs consultant regulation
Legal & General has placed responsibility for the market turmoil that triggered the autumn liquidity crisis firmly at the feet of the government, while adding its support to calls for the regulation of investment consultants.
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NewsTPR and FCA flag governance and competence concerns over LDI
The Pensions Regulator and the Financial Conduct Authority have raised questions over the governance of small schemes and the competence of some investors, in response to questions from a parliamentary committee over the use of liability-driven investments by pension schemes.
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NewsRegulators tell savers to ‘stay on guard’ over scams
On the go: The Pensions Regulator, the Financial Conduct Authority and the Money and Pensions Service have joined forces to warn savers against scams.
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NewsNational Grid loaned DB schemes £325mn during gilt crisis
On the go: The National Grid stepped in to loan £325mn to two of its defined benefit pension schemes during the recent crisis in the gilt markets at the end of October, according to its latest half-year results.
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NewsFCA highlights investment consultant ‘gap in regulation’
The Financial Conduct Authority has told MPs that it previously pointed to the risks associated with liability-driven investments and suggested the existence of a “gap in regulation” linked to investment consultants, in response to questions over October’s market turmoil and its impact on pension schemes.
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OpinionThe outlook for credit remains strong
It has been an extraordinary few months in UK politics, and a worrying time for some of the country’s largest investors.
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NewsSainsbury’s sets up £500mn loan to DB scheme for LDI crisis
Sainsbury’s has set up a £500mn loan facility to ensure its defined benefit scheme has enough liquidity to face collateral calls on its liability-driven investments.
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NewsNest and Sainsbury’s members shrug off LDI crisis
October’s market turmoil and the slump in UK government bonds did not trigger a spike in Nest members checking their defined contribution pots, the research arm of the government master trust has said.
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FeaturesDB schemes and LDI: ‘We’re through that firefighting phase’
Analysis: The dust has settled after a tumultuous month for defined benefit pension schemes.
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NewsMPs to question DB schemes’ use of LDI in new inquiry
On the go: The Work and Pensions Committee has launched an inquiry into the regulation and governance of defined benefit schemes with liability-driven investments.
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NewsIFoA withholds ‘risk alert’ over LDI
On the go: The Institute and Faculty of Actuaries has opted not to issue a “risk alert” over liability-driven investments, in response to the liquidity crisis faced by many defined benefit schemes that unfolded after the September “mini” Budget.
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News
PIPA 2022: Fostering innovation and driving change
Pensions Expert hosted a series of fascinating panels and fireside chats ahead of announcing its Pension and Investment Provider Awards 2022 winners. Our journalists discussed a range of topics including cost transparency and best practice, which have been tested in recent weeks by market turbulence.
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PodcastsPodcast: LDI, PLSA and PIPAs - looking back with Andy Cheseldine
Podcast: Andy Cheseldine, professional trustee at Capital Cranfield and chair of the Small Pots Co-ordination Group, joins Pensions Expert to look back at a heady few weeks for the pensions industry. He explains how the recent market turmoil affected his day job, what it means for schemes, and gives his thoughts on the recent Pensions and Lifetime Savings Association conference in Liverpool. Cheseldine also provides an update on small pots and has his say on being a judge for the 2022 Pension and Investment Provider Awards.
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NewsBoE acted to prevent a gilt market ‘fire sale’, MPs told
The Bank of England had no choice but to intervene in the gilt markets, having received signals from pension funds that a “fire sale” may occur, BoE deputy governor for financial stability Sir Jon Cunliffe has told MPs.
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NewsMini-Budget blows £11bn hole in BT Pension Scheme
On the go: The £46.9bn BT Pension Scheme sustained aa £11bn hit to its assets following the government’s September “mini” Budget, before the Bank of England intervened to stabilise gilt markets.