Bank of England intervened in bond market to protect DB pension plans: letter
The Bank of England’s decision to intervene in the long-dated government bond market protected defined benefit pension plans with liability-driven investment strategies, according to a central bank official. “In practice, the move in [long-term bond] yields last week threatened to exceed the size of the cushion for many LDI funds, requiring them to either sell […]
- October 11, 2022 October 7, 2022
- 12:30