Seeking consensus on LDI



Liability-driven investment (LDI) has become a way of life for many pension schemes in the UK and parts of Europe. In the US, the concept has been a lot slower to take hold. New regulations that came into force at the end of 2006 were predicted to be the catalyst to greater adoption of LDI - which, in broad terms, is a technique whereby investment decisions are made with the sole aim of meeting liabilities. However, while winning some high-profile converts in the US, the credibility of LDI suffe