It is easy to be wise after the event, less easy to face up to the reasons for wisdom’s late arrival. After the crisis caused by the use of liability-driven investment (LDI) strategies in the pensions industry the question of ‘how could we possibly have let this happen?’ is being
LDI pensions crisis raises questions that go deeper than regulation
OPINION: After the crisis comes the soul-searching, but is the focus in the right place?