All Bank of England articles
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NewsBank of England calls for coordinated LDI regulation in UK and abroad
Financial Policy Committee advises regulatory action from TPR, FCA and overseas regulators, ‘to ensure LDI funds remain resilient to the higher level of interest rates’
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UK pensions committee launches inquiry into DB schemes with LDI
Inquiry will focus on impact of recent volatility in Gilt yields on DB schemes with LDI strategies and their regulation and governance
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UK pensions industry to keep vigilant despite stable bond yields following ‘mini budget’ u-turn
The near-term technical picture is not a positive one, says Hymans Robertson
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Danish PFs: UK LDI fright shows need for stress tests, central clearing rethink
Sampension, PFA CIOs say UK-style crisis less likely in Denmark because of larger, more liquid euro market
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DB pension schemes ‘are not at risk of collapse’, says TPR
Regulator’s CEO says ‘it is absolutely clear that there have been liquidity issues in some of the funds’
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Buyers beware? SPP panel ponders bulk annuities
Pensions industry should focus on long-term implications, says regulator
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Bank of England keeps tight grip on Gilts market
The purpose of these operations is to enable LDI funds to address risks to their resilience from volatility in the long-dated Gilt market
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Bank of England launches additional measures to help LDI market
LDI will continue to play a role in pension fund strategies despite market turmoil
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Opinion Pieces
Trustees must assess impact of rate hikes
The Bank of England (BoE) has hiked its policy rate by 50bps to 2.25%, prioritising the fight against inflation over support for growth in its domestic economy. This interest rate increase has hit levels not seen since the end of 2008 but in line with a majority of economists’ consensus.
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Analysis: Goodbye, LDI? Too early to say
The sudden and unprecedented rise in Gilt yields, caused by the UK government massive fiscal stimulus announcement, tested the risk management strategies of UK DB schemes
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Bank of England intervention eases pressure on DB schemes facing margin calls
Pension funds should proactively look for ways to shore up liquidity, says consultancy
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UK pension funds predict higher inflation for longer
A difficult road ahead, with recession on the horizon, economists predict
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BoE test suggests net-zero transition ‘absorbable’ for banks, insurers
Climate stress test points to profit reductions but no ‘worrying direct impact’ on solvency
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BoE warns of challenges from war in Ukraine
Depressed equities, costs from migration, supply chain disruption and high inflation are some of the issues with which pensions must grapple
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Performance fee work among ‘productive finance’ group action proposals
UK working group was convened by official sector to propose solutions to barriers to investment in less liquid assets
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BoE sets out CBPS greening options after net-zero remit update
Central bank proposes balance sheet use be to prod ‘decisive’ net-zero action
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Budget: UK schemes to have more flexibility to invest in illiquid assets
The £375m UK-wide Future Fund will invest in highly innovative companies such as those working in life sciences, quantum computing, or clean tech
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DC investments on the agenda of new UK ‘productive finance’ group
HM Treasury, Bank of England and Financial Conduct Authority to convene industry working group
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Opinion Pieces
Viewpoint: UK superfunds – Super fast, or dead in the water?
Will the superfund ship lawfully leave port any time soon? Following the UK pension regulator’s publication of its interim regime for superfunds in June 2020, there is much talk about scheme transfers to superfund being imminent. Clive Weber , pensions partner, and Paul Ashcroft , solicitor, Wedlake Bell LLP, explain ...
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Mercer survey reveals FTSE 350 DB accounting deficits skyrocket by £13bn
Total DB liabilities reached £970bn at the end of July
