How an accounting tweak and a radical actuarial theory created a trillion pound asset class
National/regional news and analysis
Increasing costs and environmental restrictions call for different perspective
Flawed audits more likely to be found at overseas arms, says US regulator
Alphabet soup of LDI and ESG puts BlackRock and others in the financial hot seat
LDI strategies threatened to unravel after Kwarteng’s mini-Budget tax cut hit gilt prices
Hidden risks revealed by crisis may prompt ‘buyout’ deals that shrink world of defined benefit schemes
The hard hats likely came in handy recently for Prime Minister Liz Truss and Chancellor of the Exchequer Kwasi Kwarteng. Stefan Rousseau/Pool Photo via APThe new British government is off to a very rocky start – after stumbling through an economic and financial crisis of its own making.
America’s borrowing binge has long been viewed as sustainable because of historically low interest rates. But as rates rise, the nation’s fiscal woes are getting worse.
The rebuilding in places like Matlacha, Fla., won't happen overnight.
The Bank of England stepped in to save a critical market this week. Economists say it was necessary but also worry about the precedent.