바카라 사이트 Actuary responds to Work and Pensions Committee
The 바카라 사이트 Actuary has shared his perspectives on defined benefit pensions with the Work and Pensions Committee.
The 바카라 사이트 Actuary바카라 사이트檚 Department (GAD) has assisted the Work and Pensions Select Committee with its inquiry into (LDI).
The 바카라 사이트 Actuary, Martin Clarke, was pleased to on the LDI issue in response to the Committee바카라 사이트檚 questions.
Pensions and investment
GAD바카라 사이트檚 knowledge and involvement with LDI is unique as we work with schemes that use leveraged LDI. We also work with government departments that support the pensions and investment industry.
Discussions on the LDI issue have taken place in trustee meetings and in public forums. This improves the understanding of LDI for all stakeholders in what has also been a valuable lesson in governance.
Challenging role
The role of a trustee is challenging. Providing security to a promised pension requires trustees to make decisions around complex areas of investment, funding, administration and accounting.
LDI is an example of such a decision, an instrument that is intended to mitigate a funding risk but then introduces operational risks. Trustees need to assess these risks to understand the trade-off. That assessment will now be more informed, even if still challenging to achieve a balance that works for all stakeholders.
Such challenges are evident across pensions from trustees to advisers to those that legislate, as a balance is sought to provide an effective and proportionate solution.
GAD바카라 사이트檚 expertise
Investment consultant at GAD Christophor Ward, said: 바카라 사이트淕AD has experience of both working with schemes and considering how legislation and guidance is formulated. This is borne out of our expert analysis and helping our clients to ask the right questions.
바카라 사이트淲e look forward to continuing those discussions on improving the security of the UK defined benefit pension landscape.바카라 사이트�