Thank you very much for this comment which I will use in future posts. Whoever you are "anonymous" , I…
I would be very happy to help in setting this up ; henry.h.tapper@gmail.com or 07785 377768 if you'd like to…
Dear all, Regarding the potential acquisition of the "Lady Lucy" for £75,000, I have set down some initial thoughts on…
The foundational social contract of UK pensions was established under a clear compact: Exempt-Exempt-Taxed (EET). Savers agreed to sacrifice current…
Tag Archives: LDI
WPC hears from providers and consultants on LDI
There have been big losers from the LDI crisis. It has been going on all year but intensified following the Bank of England’s switch from easing to tapering and intensified again after the announcement the next day of the ill-fated … Continue reading
Is the PPF overfunded or under-invested?
The PPF has published its Purple book – rolled out to an audience of 250 anonymous aficionados at a Pension Expert event this week. It revealed DB schemes in rude health with reserves well up and a funding ration at … Continue reading
Is LDI fundamentally unsuitable to small DB schemes?
Evan Guppy runs a multi-billion pound leveraged LDI program for the Pension Protection Fund. The collateral calls it met over the September/October crisis involved posting £1.5bn in cash and gilts For the first time before during or after the … Continue reading
Another way to LDI – how the PPF’s approach has fared in 2022.
While the pensions industry continues to live under the pall of the LDI blow-up, the PPF have confidently explained how they have managed the problems that arose from the spike in gilt yields in September. Speaking to me at a … Continue reading
Find out how the PPF used LDI as part of its pension strategy – TODAY 10.30-FREE
I think this will be a really excellent discussion. Register or log in to http://www.pensionplaypen.com to attend. (events)
Capturing the prize – or why you shouldn’t bet money you don’t have!
Was the football side that beat Iran 6-2 an average team that played well or was the that drew with the USA a good team that played poorly? Our view of the England’s performance in the world cup … Continue reading
Find out how the PPF used LDI as part of its pension strategy
I think this will be a really excellent discussion. Register or log in to http://www.pensionplaypen.com to attend. (events)
LDI – the full unexpergated story
This is a text of an after-dinner speech I gave to the Pensions Network on Thursday November 24th. Our story begins in 2004 when the UK adopted an accounting standard that discounted pension scheme liabilities to the AA Corporate bond … Continue reading
Small DB schemes – LDI’s unconsidered victims
The PLSA has around 1400 members, give or take the odd DC master trust, the vast majority run DB pension schemes. You can find who they are if you purchase the PLSA database The industry bible “Pension Fund and … Continue reading
There is an alternative view of "ownership" which is that people own a stream of income for as long as…