COURSE FINDER

Liability Driven Investment (LDI)

£480 per delegate. This may be less for special offers on specific course dates and in-company training courses

Duration: 1 day

Trainer: P062EI

Need course dates or locations to suit you? CLICK HERE TO SEND ENQUIRY...

Liability Driven Investment(LDI)

Background

The ongoing financial crisis has massively impacted most Pension Funds often increasing their deficits with consequent problems. Volatile investment markets have resulted in Liability Driven Investment (LDI) possibilities and techniques being given initial or extra emphasis.
What is LDI, how does it work and what are the issues, alternatives, costs and risks is the object of this very useful one day course. No prior knowledge of LDI and only a reasonable knowledge of Securities is assumed.

Delegates 
- Trustees of Pension Funds of any size 
- Plan or Scheme Sponsors, Benefit Consultants 
- Fund Managers and Actuaries 
- Pension Administrators 
- Middle Office & Investment Support Administrators

Content
- Defining the Pensions problem. Under funded Schemes and “filling the hole”
- Characteristics of Liabilities:Long dated (can run out to 80 years), Value sensitive to changes in interest rates, High dependence on inflation often complex eg LPI
- Characteristics of Assets: Typically low exposure to interest rates, even less exposure to index – linked bonds, high UK equity exposure, high UK concentration
- Assets & Liabilities and the impact of Plan Duration
- Problems of traditional benchmarks for pension schemes – Too much focus on Tracking Error and too little focus on Benchmark risk.
- What is Liability Driven Investment? – Negating “unintentional” risks…but leaving intentional investment risks designed to provide an efficient funding programme to fill a schemes deficit. LDI does not usually mean “passive”.
- Bonds in LDI solutions. Bond types. Managing exposures, interest rate, duration and inflation risks
- Swaps as a solution for LDI. Swaps explained including the relevant varieties.
- Using the swaps market – Greater liquidity and variable hedging ratios using unfunded derivative instruments)
- Example case
- Other LDI solutions; Infrastructure, Hedge funds, Property, Buy outs etc
- LDI and Active Asset Allocation. The balances.
- Plan Sponsors and impact of FRS17/IAS19 (impact of pension deficit on the day to day running of your business)
- Implementation and timing a LDI transaction
- Managing Counterparty risk - The Collateral management process
- Once we have implemented an LDI Strategy, what now? Ongoing Management of LDI process: ongoing liability modelling, asset modelling, swaps rebalancing, collateral management, risk monitoring, swap re-couponing, client reporting needs
- Risk control in Pension funds is illusory – deficits can widen even when equities rise!
- Rate sensitivity (DV01) and assumptions around changes in interest and inflation rates
- Backing out of a required rate of return from investment assets to meet a given deficit funding schedule
- The PPF and the regulatory burden

Duration
1 day
The course either has new dates in data loading, or is only run as a dedicated or In Company course.
  • OM Safety Logo
  • TotalComms Training Logo
  • SDA Safety Logo
  • Construction Skills People Logo
  • Phoenix Health and Safety Logo
  • Complete Health and Safety Logo
  • Courtley Health and Safety Logo
  • Harris Safety Training Logo
  • First Response Training Logo
  • CTA Logo
  • Alliance Learning Logo
  • Le Breton Training Logo
  • Murphy Logo
  • ALS Safety Logo
  • KeyOstas Logo
  • Libben Health and Safety Logo
  • Compass Management Solutions Logo
  • Global Management Academy Logo
  • Illumine Logo
  • Corporate Risk Systems Logo
  • ATC Risk Management Logo
  • CCAS Health and Safety Logo
  • MGM Training Logo
  • ROSPA Logo
  • PJH Safety Training Logo
  • OMS Logo
  • Tala Training Logo
  • PRS Health and Safety Training
  • Mainport Training Logo
  • SSG Training and Consultancy Logo
  • RB Services Logo
  • Safety Training Services Logo
  • Clarkson Evans Training Logo
  • Lighthouse Training Logo
  • MST Solutions Logo
  • SWL Training Logo
  • The Building Safety Group Logo
  • ProSafety Logo
  • Genesys Training Logo
  • Total Training Solutions Logo
  • Kentec Training Logo
  • Total Electrical Training logo
  • NTSS logo
  • C&C Training Logo
  • Safe Life Logo
  • IQMS Logo
  • Frinton Training logo
  • UCT logo
  • Envesca logo
  • The Safety Maintenance Company logo
  • Arthur Adams logo
  • APT Health and Safety logo
  • Sandwell Training Association logo
  • PC Workshops logo
  • Zero Harm Training logo
  • R2 Training logo
  • Whites forklift training logo
  • The Bradley Group logo
  • Risk Health and Safety logo
  • Wise Global Training logo
  • Smallpeice Enterprises logo
  • Sibbald Training logo
  • Highlander logo
  • Total Construction Training logo
  • e-testing logo
  • UTN Training logo
  • 1st Line Defence logo
  • Ideal IT training logo
  • PQMS Training logo
  • Paradise Training logo
  • Collective Safety Solutions logo
  • 1UPACCESS Logo
  • BAM Construction Training Logo
  • Gold Cross Training Services Logo
  • Citrus Training Logo
  • 3B Training Logo
  • Astutis Logo
  • Construction Industry Training Providers Logo
  • MecSafe Logo
  • Health Life and Safety Logo
  • CSM Services Logo
  • MI Construction Training Logo
  • Innov8 Training Logo
  • BSI Training Logo

Telephone Hotline

01933 233884

(Monday to Friday - 8:00am to 5:30pm).

© 2017 Book My Course Limited. All rights reserved

Home | About Us | Contact Us | FAQs | Privacy Policy | Terms & Conditions | Site Map | News / Articles | Cookie Policy