Germany - liability-driven investment goes mainstream

Time for change


Liability-driven investment (LDI) has been a feature of the European pension sector for well over half-a-decade, with leading proponents focusing on interest rate and inflation risk found in Denmark, the Netherlands and the UK. One laggard in this respect is Germany – a tradition of off-balance sheet pension provision (up to 60% of German pensions are unfunded) and an absence of mark-to-market accounting meant Germany's pension funds did little in the way of LDI in comparison with the majority

To continue reading...

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: