US pension practitioners are divided over the purpose of liability-driven investment (LDI), some viewing it as a decommissioning tool but others as a survival skill. These opposing viewpoints emerged during a series of debates at the Life & Pensions US pensions risk management conference, in Boca Raton, Florida in June.
The first viewpoint was articulated by Brian Zuro, chief US counsel for Paris-based media group Vivendi. Following a rampant period of acquisition at the turn of the century,
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