Defined benefit (DB) schemes are in favour of options providing more investment decision flexibility under The Pensions Regulator's (TPR) funding code and also back.
Leveraged liability-driven investment (LDI) strategies have made defined benefit schemes billions of pounds better off, the Work and Pensions Committee (WPC) has heard.
In an earlier article, I explained that the collapse in the long-dated UK government bond (or gilts) market on September 28 that followed the ill-fated Kwarteng “mini budget” of a few days earlier had exposed a hitherto underappreciated problem: UK pension schemes were massively exposed to changes i