A panel of experts debate the increased use of liability-driven investment in the UK, whether there is any alternative to gilt investment, and where innovation is coming from, in this four-part discussion.

The questions:

  1. How do you approach LDI with schemes that do not already have it in place?

  2. Once an LDI programme is in place, does it get more sophisticated as it progresses?

  3. What assets have been substituted for low-yielding gilts in LDI programmes?

  4. What innovations are currently being seen in the liability-driven investment market?

The panellists:

Steve Barker, managing director at Barker Tatham

Richard Butcher, manager director at PTL

Marian Elliott, director at Spence & Partners

Laura Brown, head of LDI distribution at Legal & General Investment Management

Jonathan Crowther, head of UK LDI at Axa Investment Managers

Dan Mikulskis, co-head of asset-liability modelling and investment strategy at Redington