Tag Archives: borrowing
An annuity rate GOOD – economically BAD message from long-term gilt yields.
This is the big chart for pensions , telling everyone from pension scheme actuaries to life actuaries managing annuity rates what to say with numbers. I say that because the other way of looking at this chart is as a … Continue reading
Posted in pensions
Tagged 30 year gilts, borrowing, Economy, Gilt yields, Govt borrowing, IMF, Inflation, Pensions
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The Lords’ findings and recommendations on leveraged LDI.
In a strongly worded report, the House of Lords Industry and Regulators Committee has criticised the use of leveraged liability-driven investment (LDI) strategies by defined benefit (DB) pension funds, which played a significant role in the financial turmoil following the September … Continue reading
Holding to Account: Analysis and Resolution of a Crisis . (Keating and Clacher)
This post was written before the second intervention of the Bank of England to shore up pension schemes and the financial system on Monday 10th October. Con Keating will be speaking today (Tuesday 11th) at a Pension PlayPen coffee morning … Continue reading
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Tagged borrowing, Con Keating, Hedge Funds, Hedging, Iain Clacher, LDI, TPR
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LDI – open to legal challenge? Keating and Clacher ask awkward questions.
The authors of this blog are Iain Clacher & Con Keating The purpose of a UK defined benefit tax approved pension scheme trust will be set out expressly in the terms of the trust deed (or can be deduced … Continue reading
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Tagged borrowing, challenge, Con Keating, Dr Iain Clacher, gearing, LDI, leverage, Pensions
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Mark Carney v Barononess Altmann
In the Bank’s corner – Mark Carney In the Saver’s corner – Baroness Altmann Monetary policy is not helping ordinary people and low rates may be doing more harm than good Ordinary savers are being hung out to dry and … Continue reading
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Tagged Altmann, annuity, Bank of England, borrowing, carney, Government, pensions
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Money worries
She asked me to imagine her situation by thinking about mine. “Imagine”- she said, “what you have promised to pay for in the next twenty years”. Continue reading
Posted in pensions
Tagged borrowing, debt, FRS17, LDI, mortgage, pension, pensions, volatility
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