Mon 20 May 2024 - This webinar will look at LDI investment in the UK following changes to the market environment since Kwasi Kwarteng’s mini budget in September 2022.
There will be 2 perspectives. One of an investment advisor (Richard Lunt, Hymans) and another from the point of view of a fund manager offering LDI approaches (Robert Pace, LGIM).
Richard will provide an overview of the UK economy as relevant background to the 2022 market turbulence. He will comment on the role of LDI within investment portfolio in 2024.
Rob will go on to talk about the LDI market from the point of view of a fund manager and explain how LGIM’s LDI offering has evolved over the 18 months.
Richard is an investment actuary and investment advisor who has worked with a wide variety of schemes during his 24 years in the financial industry. He is a specialist strategy advisor who has extensive experience dealing with LDI investments and he has worked with almost all LDI managers operating in the UK.
Richard joined Watson Wyatt as a new graduate in 1999 and was also a member of Aon Hewitt’s investment advisory team earlier in his career. He spent 9 years at First Actuarial, where he was Co-Head of Investment and a Partner of the firm, before joining Hymans Robertson in 2023.
Robert is a Senior Solutions Strategy Manager at LGIM. He focuses on working with pension fund clients on LDI and broader solutions-based investment strategies. Robert joined LGIM in July 2013 from Towers Watson where he was a senior investment consultant in the structured products team. Here he advised defined benefit pension funds on their LDI strategies taking clients through the liability hedging process ranging from trustee training to implementation. Prior to this Robert worked in the investment strategy team and was responsible for providing strategic asset allocation advice to pension funds and insurance organisations.
Robert graduated from Oxford University in 2005 and holds a Master’s in maths. He is also an actuary.