Hymans Robertson Webinar -The Age of Peak LDI

Loading Events

« All Events

  • This event has passed.

Hymans Robertson Webinar -The Age of Peak LDI

Friday 20 April, 2018 @ 1:00 pm - 2:00 pm

Liability Driven Investment (LDI) has been one of the dominant trends in UK DB pension scheme investment in the past decade and a half. Given the high level of hedging that is already in place, Hymans Robertson believe that the current pace of rate hedging can only continue until 2021 at the latest.

While the second half of the 20th Century could be characterised as the Age of the Equity Risk Premium, we would describe the period since the turn of the century as the Age of Unrewarded Risk – when increasingly yield risk was seen as unwelcome and schemes sought to hedge it. We believe the UK is now transitioning into the Age of Peak LDI - where schemes will only increase yield hedging at the margin or in an opportunistic manner.

Given the scale of the flows of pension scheme money into yield hedging assets, what impact could this abrupt change to those flows have on yields and DB scheme funding levels?

Join our webinar on 22 March where we, along with Richard Boardman from Nomura, will share insights from our research in this area, looking at what the future of LDI might look like, and the consequences for both schemes and gilt markets.

Details

Date:
Friday 20 April, 2018
Time:
1:00 pm - 2:00 pm

Organiser

Hymans Robertson

Venue

Webinar