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Tag Archives: LDI
Join Con and Iain to ask “what can possibly go wrong with LDI?”
Too many webinars are promoting products, too few are discussing a product’s achieved delivery. Dr Iain Clacher and Con Keating use data to analyse the real impact of the LDI strategy on the funding position of pensions and come up … Continue reading
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
Posted in pensions
Tagged borrowing, challenge, Con Keating, Dr Iain Clacher, gearing, LDI, leverage, Pensions
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Liability Driven Investment – (a riskless strategy?) Keating/Clacher
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
Keating and Clacher debunk LDI
Risk and DB Pension Scheme Funding Iain Clacher & Con Keating If only that Dilbert cartoon had been published fifteen or twenty years ago, we might have seen very different outcomes from the rise of ‘de-risking’ strategies, liability driven investment … Continue reading
Posted in pensions
Tagged Con Keating, DB funding, de-risking, Dilbert, Dr Iain Clacher, LDI
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No blubbing over the future of RPI please.
“I love the way they are doing this – it is not a move from RPI to CPIH, but recalculating RPI as if it were CPIH – and unless the Bank of England says that is a material change, eliminates … Continue reading
When simple is harder than complex
Unfortunately complexity is a problem we see all too regularly in finance and investment, for the simple reason that complexity sells. Why? In this thoughtful article, Andrew Linz, a young consultant at Lane Clark and Peacock, challenges accepted wisdom. This … Continue reading
CDC guarantees nothing! If that freaks you out – CDC is not for you!
It being early on a Sunday morning, the coots playing around Lady Lucy and a wind rustling through the willows, I’m minded to turn my mind yet again to John Ralfe’s queries on CDC. Ok clever clogs. 10 easy #CDC … Continue reading
Are bonds “suitable” assets to meet the promises of a pension plan?
Pension funds are struggling to find suitable assets in which to invest, says Pat Race of KPMG in an article in FTfm. The headline of the article is that “North American Pension Funds grow assets faster than their … Continue reading
Posted in advice gap, pensions, Popcorn Pensions
Tagged Accrual, Bonds, equities, IRR, John Ralfe, LDI, pensions
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We save for certainty – what LDI can learn from Funeral Plans
There’s controversy over the management and sale of Funeral Plans this morning. Fairer Finance report that many plans are simply no good and that this is often because they pay commissions of up to £1000 to those who sell … Continue reading
Posted in pensions
Tagged FCA, funeral plan, institutional, LDI, liability driven investments
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The value to me of “set and hold”!
The FT is masterful with understatement. A 2% charge can take quite a chunk out of the overall portfolio return If your predicted investment return is (say) inflation +3%, having to earn 2% to pay your investment manager, custodian … Continue reading
Posted in actuaries, advice gap, pensions, pot, Treasury
Tagged Asset management, cardano, LDI, Michelle McGrade, pensions, redington, Set and Go
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