NEWS   |    January 16, 2023

Anna Rogers comments in the Financial Times on LDI-related litigation

The LDI crisis in the autumn of last year saw many defined benefit schemes navigating a difficult market, with some trustees and sponsors emerging a little battered.

In the wake of this turbulence, some affected schemes are now looking at the responsibility held by their investment advisers, fiduciary and asset managers and LDI managers, with potential for legal redress.

Anna Rogers commented “asset managers and investment consultants are going to have defences,” continuing that they may argue “it was up to the trustees to understand” how LDI strategies worked, “and to have known what they were doing. Asset managers who do get sued could then point the finger at trustees, and also investment consultants. This is going to take a long time to play out.”

Read Anna’s comments in Financial Times, here. Anna also commented in Pensions Age and Professional Pensions, here and here.

The views in this article are intended for general information purposes only and should not be used as a substitute for professional advice. Arc Pensions Law and the author(s) are not responsible for any direct or indirect result arising from any reliance placed on content, including any loss, and exclude liability to the full extent. Always seek appropriate legal advice from a suitably qualified lawyer before taking, or avoiding taking, any action. If you have any questions on the points raised in the above, please do not hesitate to get in touch.

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