Source · Select Committees · Work and Pensions Committee
Recommendation 4
4
Paragraph: 54
Prevent DB pension scheme investments from jeopardising the UK economy in future.
Conclusion
Sharp rises in gilt yields which LDI funds lacked the resilience to manage, led to the Bank of England having to intervene in September 2022 to protect financial stability. DB pension scheme investments must not be allowed to jeopardise the UK economy again.
Paragraph Reference:
54
Government Response
A response document is linked to this report, dated 20 November 2023. Response attribution to this conclusion has not been verified. Read the response document ↗