A Long Time In Finance
The Great Pension Fund Panic of 2022
The market panic that followed Kwasi Kwarteng's mini budget last month has been blamed on pension funds doing something called LDI. But what is this strange practice, what is its purpose, and how has it led to a £65bn meltdown in the pensions market? Neil and Jonathan talk to pensions expert (and grand wizard of LDI) John Ralfe about the fallout and whether Neil, as a pensioner, should be worried.
Presented by Jonathan Ford and Neil Collins.
With John Ralfe.
Produced and edited by Nick Hilton for Podot.