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    Pensions crisis

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    • Friday, 13 January, 2023
      Helen Thomas
      Can we talk more about my pension this year?

      Comfortable world of defined benefit schemes has dominated UK news — what about the rest of us?

    • Thursday, 29 December, 2022
      Pensions industry and consultants play blame game over LDI crisis

      Calls grow for regulation of UK’s influential and concentrated investment advice sector

    • Wednesday, 21 December, 2022
      The Big Read
      Lessons from the gilts crisis

      The meltdown was an early warning about radical changes in financial markets and suggests pension systems might not be fit for purpose

    • Wednesday, 14 December, 2022
      UK financial regulation
      UK’s Pensions Regulator taken to task on preparation for gilts crisis

      Shortcomings exposed when yields soared while lifeboat scheme was much better organised

    • Thursday, 8 December, 2022
      Lex
      UK pensions/LDI: crisis fallout has implications for scheme deficits Premium content

      Every crisis tends to be followed by an equal and opposite regulatory reaction

    • Thursday, 8 December, 2022
      BT pension scheme warns it may need ‘support’ from company

      More cautious approach to liability-driven investing after Truss mini-Budget means returns may fall, MPs told

    • Thursday, 1 December, 2022
      Lloyds Banking Group PLC
      Lloyds pension plan sold billions of assets during gilts crisis

      Details of one of the biggest known disposals by a corporate scheme revealed to MPs

    • Monday, 28 November, 2022
      UK mis-selling
      Cost of funding pension scandal payout for UK steelworkers falls sharply

      Improvement in annuity rates slashes money needed for compensation linked to British Steel Pension Scheme

    • Tuesday, 22 November, 2022
      Legal & General Group PLC
      L&G defends risk management and blames mini-Budget for LDI crisis

      Insurer’s chair and chief executive tell House of Lords bond sell-off ‘caught us all by surprise’

    • Monday, 21 November, 2022
      News in-depth
      UK regulators call for action on hidden leverage threat to pension funds

      Policymakers say more must be done to address blind spot revealed by September’s gilt crisis

    • Tuesday, 8 November, 2022
      UK universities
      UK university staff to stage ‘biggest ever’ strike in November

      Employees at 150 campuses to walk out for three days over pay and pensions

    • Tuesday, 8 November, 2022
      Telecoms
      BT’s enduring pension problem

      The telco’s £40bn pension liability remains an albatross around its neck

    • Tuesday, 25 October, 2022
      Pension lawyers rewrite contracts to prevent another sell-off of gilts

      Action taken after funds were forced to dump UK government bonds to raise cash for margin calls

    • Monday, 24 October, 2022
      Inside BusinessPatrick Jenkins
      The LDI crisis is spurring a seismic shift in the gilt market

      Reduced demand from pension funds will change the government bond market

    • Thursday, 20 October, 2022
      Markets InsightAbdallah Nauphal
      A different perspective on LDI

      UK defined benefit pension schemes have never been in better shape thanks in large part to the investment strategy

    • Thursday, 20 October, 2022
      Pensions
      EU urged to help pension funds on margin calls stress

      Derivatives trade body calls for access to central bank-backed facility to avoid fire-sales

    • Tuesday, 18 October, 2022
      BT pension scheme takes £11bn hit following ‘mini’ Budget

      Drop in value follows year in which the scheme’s assets had already fallen by £10.4bn

    • Friday, 14 October, 2022
      ‘It’s been absolute madness’: pension managers swap horror stories

      1,000 attendees at annual conference share experiences over cocktails after ‘mini’ Budget chaos shakes industry

    • Friday, 14 October, 2022
      Pensions industry
      UK money funds draw ‘gigantic’ inflows as pension schemes build up war chests

      Schemes race to bolster defences before BoE’s bond-buying programme ends

    • Friday, 14 October, 2022
      Markets InsightJohn Ralfe
      Investigation needed to hold those behind UK pension crisis to account

      Taxpayers should not bail out companies that have been speculating

    • Thursday, 13 October, 2022
      The upside of a gilt market crisis

      Ballooning pension fund surpluses and improved funding ratios — what’s not to like?

    • Thursday, 13 October, 2022
      Helen Thomas
      Are we doubling down on systemic risk in pensions?

      Government considering new rules that some fear could create future problems, as gilt market crisis rages on

    • Wednesday, 12 October, 2022
      Pensions industry
      UK insurers set to take on more company pension schemes

      Bulk annuity deals forecast to increase amid market turmoil and higher government bond yields

    • Tuesday, 11 October, 2022
      UK pension funds call on Bank of England to extend bond purchases

      Industry still faces ‘a lot of disorder’ from LDI strategies at the centre of the crisis

    • Monday, 10 October, 2022
      Bank of England
      UK gilts sell off as BoE fails to soothe market

      Thirty-year borrowing costs shoot higher as government and central bank both seek to reassure investors

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