Committees

Defined benefit pensions with Liability Driven Investments

Inquiry

Increases in yields on long-dated gilts in late September and early October 2022 meant defined benefit (DB) schemes using Liability Driven Investment (LDI) strategies needed to deal with the rapid increase in collateral required to support the LDI trades. This led to the Bank of England’s announcement on 28 September 2022 under its Financial Stability remit of the temporary purchase of long-dated gilts until 14 October 2022.

The Work and Pensions Select Committee conducted an inquiry on the lessons to be learned from this experience, focussed on the impact of the volatility in gilt yields on DB schemes with LDI strategies in September 2022 and their regulation and governance.

Read the call for evidence to learn more about the inquiry.

Read our report.

This inquiry is no longer accepting evidence

The deadline for submissions was Friday 3 March 2023.

Upcoming events

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Past events

Wednesday 22 March 2023
9:00am Private
9:30am Public
Defined benefit pensions with Liability Driven Investments - Oral evidence 22 March 2023
The Grimond Room, Portcullis House
Wednesday 1 February 2023
9:15am Public
Defined benefit pensions with Liability Driven Investments - Oral evidence 1 February 2023
Room 6, Palace of Westminster
Wednesday 14 December 2022
9:15am Public
Defined benefit pensions with Liability Driven Investments - Oral evidence 14 December 2022
Room 5, Palace of Westminster
Wednesday 7 December 2022
9:15am Public
Defined benefit pensions with Liability Driven Investments - Oral evidence 7 December 2022
Room 8, Palace of Westminster

Contact us

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  • Email: workpencom@parliament.uk
  • Phone: 020 7219 8976 | 020 7219 1679 (Media)
  • Address: Work and Pensions Committee | House of Commons | London | SW1A 0AA