Latest articles from Alex Janiaud

Some LDI investments ‘worth zero’ without BoE intervention

John Sibley/Reuters

The Bank of England has told MPs that defined benefit pension fund investments in some pooled liability-driven investment funds would have been rendered worthless without its intervention on September 28.

Pension Protection Fund rules out LDI review

News on the go

On the go: The Pension Protection Fund has no intention of reviewing its investment strategy and its use of liability-driven investments in response to recent market volatility.

Cost of living crisis fuels enquiries on amending contributions

News on the go

On the go: One in five of the pension schemes surveyed by the Pensions and Lifetime Savings Association have received enquiries from savers about reducing or stopping their pension contributions.

Border to Coast ready to vote on company leadership over ESG

AP Photo/Rick Bowmer

The Border to Coast Pensions Partnership has warned it is prepared to vote on the future boardroom leaders over environmental, social and governance matters, as it publishes its net zero strategy.

Professional trustee appointments jump 10%

News on the go

On the go: The number of UK pension schemes to have appointed a professional trustee rose by a 10th in the year to July 2022, new research has found.

LDI: L&G admits markets turmoil ‘caused challenges’ for clients

Market moves

Market moves: Legal & General notes the problems posed for clients by the speed of recent rate increases, asset managers limit withdrawals from property funds, and soaring gilt yields supercharge defined benefit scheme funding levels.

LDI: Mercer dismisses DB scheme solvency concerns

Market moves

Market moves: Consultancy Mercer has hit out at media reports that suggested the solvency of defined benefit pension schemes came under threat this week, while LGPS Central points out investment opportunities, and Hymans Robertson issues guidance on liability-driven investments and collateral needs.

Weekly Roundup: LDI another day

Simon Dawson/Bloomberg

This week – the Bank of England steps in to calm the markets, the regulator’s attempt to shore up pensions angers the RMT union, adviser discovers roughly a fifth of NHS pension records have errors, and TPR left reeling that no one pays attention to trustee diversity data.

PPI touts new inflation measure over RPI

News on the go

On the go: The Pensions Policy Institute has said that the household costs indices, which is currently being developed by the Office for National Statistics, could better reflect changes in pension income than current methodologies.