Financial Services Financial Services

Legal & General stretching rules on pensions borrowing, UK lawmaker suggests

By Phoebe Seers
  • 22 Nov 2022 14:01
  • 22 Nov 2022 16:43
UK asset manager Legal & General, a “pioneer” of the use of liability-driven investments, or LDIs, was today accused by a lawmaker of exploiting a legal loophole to bypass a prohibition against pension funds borrowing money. 

The use of LDIs by pension funds as a hedge against interest rates has com

To view the latest version of this document and thousands of others like it, sign-in to MLex or register for a free trial.

Phoebe Seers


Phoebe has covered Financial Crime and compliance issues for MLex since 2015, initially in the Hong Kong bureau and currently in London. While in Hong Kong she won two SOPA awards for her reporting on corruption in the energy sector in Indonesia. Prior to journalism she worked as a solicitor with a focus on white-collar crime litigation in London and Hong Kong. She has a BA in English and Philosophy from Newcastle University.

Discover MLex

Stay on top of global regulatory developments

Latest News