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

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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

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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

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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

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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

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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

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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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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

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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

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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

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