The original Markets in Financial Instruments Directive (MiFID) was implemented in November 2007 to harmonise the regulation of investment services across the EU. However, the 2008 financial crisis exposed some of MIFID’s shortcomings in focusing on equities. Combined with the need to keep up with advancements in technology and the requirement for greater transparency in the financial system, the directive was revised and the Markets in Financial Instruments Regulations 2017 introduced.
Increases in life expectancy are a source of risk and uncertainty for trustees of defined benefit pension schemes. Over the last decade a number of structures for managing this longevity risk have emerged, including the pension buy-in, the pension buy-out, and the most recent innovation, the longevity swap.
Liability Driven Investment (“LDI”) is an investment approach that can help trustees of defined benefit pension schemes to reduce funding volatility. It does this by reducing the risk that asset and liability values change at different rates, or even move in different directions. Depending on how it is structured, LDI may also provide an opportunity to improve the funding position.
It's A Level Results Week. If you are looking to take a year out for some work experience then we may have suitable vacancies Please contact firstname.lastname@example.org. with a copy of your CV or go to www.bwcigroup.com/vacancies.