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The UK’s market meltdown began with good intentions — here’s what went wrong
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fnlondon.comThe derivatives-based investment strategy that tipped the UK’s pension sector into crisis started with good intentions: Help companies fulfil promises they made to employees to pay a steady income through retirement.
Behind the push into that strategy, say pension trustees and their advisers, was the Pensions Regulator, the UK’s powerful watchdog, charged with safeguarding the savings of millions of private-sector workers. The regulator steered private pension funds to adopt liability-driven investments, known as LDIs, linked...
Read more on fnlondon.comAbout this in other media
Bank confirms pension funds almost collapsed amid market meltdown theguardian.com /2 years ago
Mortgage mayhem sparks fears of a housing market crash in Britain cnbc.com /2 years ago
Denmark's Queen Margrethe says 'sorry' for stripping royal titles from grandchildren euronews.com /2 years ago
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