Regulators must take a firmer grip on liability-driven investment (LDI) strategies according to the UK House of Lords report into the turmoil that swept through the gilt market and shook UK pensions schemes. Parliament’s Work and Pensions Committee has been told around £500bn ($605bn) in pension scheme assets are “missing
More regulation or less ‘reckless prudence’ – what’s next for UK pension funds after LDI?
Amidst calls to tighten regulation there are questions about what drove advisers to embrace LDI strategies.