Special Reports » OTHER REPORTS » LIABILITY-DRIVEN INVESTMENT

— Phillipson: this is not just exotic saving

As the need for matching liabilities falls increasingly at the feet of investors, liability-driven investment has blossomed. However, some pension funds are dragging their heels, writes Paula Garrido.

Steve Aukett, senior product specialist at Insight Investment, explains the use of swaps within liability-driven investment and how they are an attractive alternative to bonds.