Liability-Driven Investing: guidelines for strategy and decision-making

October 10, 2016

Interest rates have fallen to historically low levels in recent years. The euro swap curve is currently lower than 1% at all maturities.

These low rates have reduced the funding ratio of pension funds significantly and lead to considerable discussion amongst pension fund board members.

In this article we seek to give board members some guidelines for setting and reviewing their interest rate hedging strategy. We choose to keep the discussion as broad as possible so that all the main dimensions are considered.

Authors: David van Bragt and Imre Jansen

See the full article (in Dutch) as published in Financial Investigator »

Please feel free to contact us if you require more information in English or would like to discuss the subjects covered in more detail.

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