Still Trussed up: UK pensions confront fallout from LDI crisis

Trustees and consultants are making risky trade-offs as interim guidance increases the cost of hedging

At first glance, UK pension schemes have plenty of reasons to be cheerful. Fifteen months of rising interest rates have eroded their liabilities, which move inversely to gilt yields. The result is that more pension schemes are fully funded than ever before, and their assets fully meet their liabilities.

Yet not all UK pensions are so lucky. Around 15% of defined benefit schemes remain underfunded, according to the Pension Protection Fund, and their road towards becoming fully funded is

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

You need to sign in to use this feature. If you don’t have a Risk.net 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