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Defined benefit pensions with Liability Driven Investments


Increases in yields on long-dated gilts in late September and early October meant defined benefit (DB) schemes using Liability Driven Investment (LDI) strategies needed to deal with the rapid increase in collateral required to support the LDI trades. This led to the Bank of England’s announcement on 28 September under its Financial Stability remit of the temporary purchase of long-dated gilts until 14 October.

The Work and Pensions Select Committee is conducting a short inquiry on the lessons to be learned from this experience, focusing on the impact of the recent volatility in gilt yields on DB schemes with LDI strategies and their regulation and governance.

Read the call for evidence here.

This inquiry is no longer accepting evidence

The deadline for submissions was Tuesday 15 November 2022.

Contact us

We can’t usually help you with an individual problem or a specific complaint.

  • Email:
  • Phone: 020 7219 8976 | Media enquiries to Oliver Florence on 020 7219 1679/
  • Address: Work and Pensions Committee | House of Commons | London | SW1A 0AA