'Hidden leverage' to blame for LDI crisis, WPC told
“Hidden leverage” was the cause of the “entirely predictable” liability-driven investment (LDI) crisis of the past two months, a Work and Pensions Committee (WPC) inquiry has been told.
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“Hidden leverage” was the cause of the “entirely predictable” liability-driven investment (LDI) crisis of the past two months, a Work and Pensions Committee (WPC) inquiry has been told.
News analysis, case studies and informed comment on the challenges facing UK pension schemes, from Pensions Expert, a DG Publishing service
The journey to this point began in the late 1990s, when New Labour came to power and Gordon Brown gained control of the nation's purse strings.
By Tommy Wilkes and Carolyn Cohn LONDON (Reuters) - It started out simply enough: British pension schemes were looking for a way to match their assets...
By Tommy Wilkes and Carolyn Cohn LONDON (Reuters) - It started out simply enough: British pension schemes were looking for a way to match their assets...