The new regime of higher bond yields has transformed pension funding for defined benefit (DB) schemes in the G7, due to reduced liability valuations Even though credit spreads are close to 10 yr lows, ...

Pension finances ended 2025 on a high note, as the funded status of the largest 100 corporate defined benefit plans improved for the ninth consecutive month in December 2025, according to Milliman’s ...

The BAA Pension Scheme is implementing a full interest rate hedge, and has in a first step replaced its liability-driven investment manager to improve “efficiency”. On average, LDI managers expected ...

We must fight to keep hold of the fundamental meaning of liability-driven investment in order to identify cost-effective ways of investing with a true liability focus. Those who refuse to engage in ...