Risk 's Derivatives and Risk Management Summit Europe 2006: BGI’s Lindsay says defined benefit schemes will ‘die’
Lindsay Tomlinson, European vice-chairman of Barclays Global Investors (BGI) told delegates attending Risk ’s Derivatives and Risk Management Summit Europe conference today that even if accounting or other rules are changed to treat defined benefit schemes more favourably, such shemes would “die anyway”.
The major risk facing pension funds, Lindsay said is mortality risk, which he described as “unhedgeable”. But he said the problems caused by the “perfect storm” of equity and bond markets moving in different directions
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