RISK MANAGEMENT

Brexit’s First Winners: De-riskers

A £750 million transaction involving the ICI pension indicates that market turmoil post-referendum has opened up attractive pricing for buy-ins and buyouts.

What Brexit Means for LDI

The UK’s currency and sovereign debt reacted strongly to last week’s shock result, making liability matching all the more difficult.

LDI’s De-Risking Dominance

Most North American plan sponsors have already adopted liability-driven investing—but some are beginning to consider pension-risk transfers.