Latest articles from Maria Espadinha

PPF: Funding worsened for some schemes due to market turmoil

Matthew Lloyd/Bloomberg

The Pension Protection Fund is expecting some schemes to have a deterioration in funding due to the forced selling of assets in response to market turmoil, despite the overall improvement in the defined benefit sector, its chief finance officer and chief actuary has said.

OECD: Countries should pursue pension reforms despite uncertainty

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On the go: Policymakers should pursue pension reforms despite the current economic uncertainty, as delays would put at risk the well-being of current and future pensioners, the OECD has warned.

LDI pooled funds determined Bank of England intervention

Maja Smiejkowska/Reuters

The Bank of England’s bond market intervention was determined by the lack of ability of liability-driven investment pooled funds to receive the liquidity needed from schemes to rebalance in a short period of time, Andrew Bailey has revealed.

PPF: True impact of LDI crisis is still unknown

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The true impact of the liability-driven investment turmoil will only be known when schemes start publishing their annual accounts, especially for a group of pension funds that were not able to meet collateral calls and lost their hedges, the Pension Protection Fund’s head of LDI and credit has warned.

Retirement standards compromised by changes in pensions system

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On the go: Changes made to the UK pensions system are positive for sustainability but are leaving savers’ retirement standards compromised.

Experts estimate £500bn in assets are ‘missing’ after LDI crisis

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Around £500bn in pension scheme assets are “missing somewhere” as a result of the liability-driven investment crisis, the Work and Pensions Committee has been told, with experts also questioning the role of leverage in these funds and the need for more guidance from regulators.

TPR: Trustees show ‘increasing willingness’ to embrace D&I

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On the go: The Pensions Regulator has found “increasing willingness” from scheme trustees to embrace diversity and inclusion, despite recognising “change is not easy and may take time”.

Providers called to improve DC decumulation digital tools

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On the go: Providers of defined contribution schemes need to “vastly improve” their digital offers so members can make the right choices in decumulation, warns Hymans Robertson.

Sainsbury’s sets up £500mn loan to DB scheme for LDI crisis

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Sainsbury’s has set up a £500mn loan facility to ensure its defined benefit scheme has enough liquidity to face collateral calls on its liability-driven investments.