Sector Regulation Sector Regulation

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 come

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