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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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