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Tag Archives: Con Keating
It’s leverage wot dunnit!
Hidden borrowing, hidden losses and a hidden group of victims from the LDI crisis – that’s what came out of yesterday’s remarkable evidence sessions held in committee room 16 of the House of Commons. Hidden borrowing. The legal argument about … Continue reading
I’ll argue on my blog – not in parliament.
The Work and Pensions Committee announced the line-up for their sessions on LDI (23rd November). There’s been a bit of banter about lining up Con, John and Iain and me. Let’s calm things down. We may have very different views … Continue reading
WTW take on the nastiest hardest problem in finance – treading the pension pathway.
Some years back, Con Keating failed to convince a similar audience at a similar event about the merits of a CDC scheme as an alternative way to provide a pension. Only 8% of the audience said they’d want to be … Continue reading
There is another way than LDI – find it at today’s PlayPen coffee morning.
You can join this morning’s Pension PlayPen coffee morning using this link. Warning – yesterday’s ad – the event is today – TUESDAY 18th September. It is the most topical of subjects, we must get a new narrative if … Continue reading
The reframing of the LDI narrative will hide a tragedy for both DB and DC schemes
The past two weeks have seen significant amounts of time, energy, intellect, and ink spent analyzing what went wrong with liability-driven investment (LDI), and the ex-post rationalization of what was not a black swan event. Higher inflation and the concomitant … Continue reading
Keating and Clacher on TPR and LDI
This blog has been deferred for publication till Wednesday so that it can be published elsewhere first. Apologies to readers – it will be worth the wait. In the meantime , say a thought for thanksgiving turkeys, who like LDI … 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
Posted in pensions
Tagged borrowing, Con Keating, Hedge Funds, Hedging, Iain Clacher, LDI, TPR
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TPR’s role in the current crisis; Keating and Clacher
Dawid Konotey- Ahulu , one of the architects of LDI comments in today’s FT about last week’s events “UK defined-benefit plans existed in a state of uncertainty . . . [they] simply didn’t know whether they had sufficient assets to pay the pensions … Continue reading
DWP funding regs. suffer from “recency-bias” – Keating and Clacher
This is the fifth in our series of blogs addressing the questions posed in the DWP’s Funding Regulations consultation. Links to the previous blogs are provided at the end of this blog. We follow the same conventions as in previous … Continue reading
Posted in pensions
Tagged Con Keating, DB Funding Code, Dr Iain Clacher, DWP, Funding Code, Recency
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Keating and Clacher explain the threat from the proposed DWP funding regulations
DB Funding Regulations The story so far The DB Funding Code is back on the agenda following the DWP’s draft funding regulations and comments in the FT from TPR Chair, Sarah Smart. The proposals have brought a number of criticisms … Continue reading
Posted in pensions
Tagged Con Keating, DB, DWP, Funding Code, Iain Clacher, Pensions, Sarah Smart, TPR
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