All Bank of England articles
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AnalysisFixed income, rates, currencies: Global economies slow despite increasing tariffs clarity
The global fixed income outlook remains mixed, with strong economic headwinds despite fading fears of the AI bubble bursting
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AnalysisChart watch: Trade policy uncertainty, US job growth, European inflation
Trade policy uncertainty remains elevated, and the US is showing signs of a slowdown. In Europe, inflation numbers are reassuring
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NewsBank of England warns against ‘mandation’ of pension investment strategy
BoE governor Andrew Bailey’s clear objection puts the spotlight on the Pension Schemes Bill’s future
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NewsUK authority proposes reforms to unlock insurer investment for UK growth
Bank of England’s Prudential Regulation Authority launches consultation to streamline rules for insurers
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NewsBoE launches repo facility to help tackle severe Gilt market dysfunction
The CNRF will lend to participating insurance companies, pension schemes and LDI funds to help maintain financial stability
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NewsPRA threatens to restrict funded reinsurance if risk management is not improved
Regulator warns that if not properly controlled, growing number of funded reinsurance transactions could lead to ‘rapid build-up of risks in the sector’
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AnalysisBank of England right to scrutinise the role of funded reinsurance
Prudential Regulation Authority calls for limited exposure to reinsurance
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NewsBank of England calls on pensions industry for financial stability responsibility
‘Central banks cannot be a substitute for the primary obligation of LDI funds to manage their own risk,’ says BoE
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NewsAon lauds BoE sparking ‘robust debate’ on wisdom of UK buyout surge
Consultancy responds to warning from UK central bank about risks of insurers rushing to offer bulk annuities to now-healthier DB schemes
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NewsUK’s pensions regulator, FCA set out new LDI guidance
Trustees must understand investment strategy risks, and only use leveraged LDI if appropriate, says TPR
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NewsBank of England tips Pensions Regulator to keep LDI buffers wide
UK central bank advises DB pension funds keep minimum of 250 basis points buffer liquidity – but more on top of that
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NewsBank of England’s latest rate hike could have knock-on effect for DC savers
However, rising interest rates are good news for those thinking of using their retirement savings to purchase a guaranteed income in the form of a lifetime annuity
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FeaturesAhead of the curve: Time to automate collateral management
The resilience of financial markets has been tested several times in recent years, from the so-called ‘dash for cash’ at the start of the coronavirus pandemic in March 2020 to the spike in UK Gilt yields in September 2022.
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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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NewsUK 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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NewsBuyers beware? SPP panel ponders bulk annuities
Pensions industry should focus on long-term implications, says regulator
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NewsBank 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
