Legal & General Share Discussion Threads

[williamcooper104] 07/10/2024 05:15

Plus if pensions hadn't used LDI they'd all have blown up in the GFC when rates fell to next to nothing

[nk104] 06/10/2024 22:16

Same here. The Daily Mail etc al blethered on about the cut in the value of the assets. What they failed to mention was that the liabilities fell further.

Provided companies weren't over-levered with their LDI they came out well in front.

[apparition1] 04/10/2024 16:30

Hi Gecko not all pension schemes were hit by the LDI crisis. Only those that had written LDI's subject to collateral calls. At the time I was a trustee of a scheme with LDI's but we had insisted with LGEN that rather than be subject to a call we could just reduce the % hedge which we did so no need to find extra cash. Many more schemes did the same thing. So yes our asset value dropped but at the same time our liability values dropped so no big deal. In fact our overall financial position improved.

[pretax2] 04/10/2024 15:43

I love these BBs..

[geckotheglorious] 04/10/2024 15:40

"Two years after market chaos jeopardised Britain's 2 trillion pound ($2.7 trillion) pensions industry, the hedging strategy that exacerbated the crisis is increasing in popularity - although providers say with less of the risk."



Lessons have NOT been learned clearly

And I doubt it's with less risk either.

[mr.oz] 04/10/2024 13:40

Fancy posting a chart ?

[covid 19 deal] 04/10/2024 12:12

Breaking 200

[rongetsrich] 04/10/2024 11:36

Seems you are learning the game, at long last!!

[pierre oreilly] 04/10/2024 07:50

Jeeze, what's so hard to understand? Share prices go up and down, simples.

[marktime1231] 03/10/2024 19:26

A report today on the health of UK DB pension schemes where the aggregate surplus has swollen to £186B, about 14% of liabilities. Something which is projected to grow to over 50% at maturity, as liabilities fall away and with fund values set to accumulate. All this despite typically ultra conservative reinsured investment strategies.

The opportunity to invest surplus funds for greater return, liabilities still covered, in assets other than triple A grade government bonds, is huge. This situation no doubt reflected in the asset position at LGEN, where proceeds from out-performance represents profit. No wonder Simoes is bringing in more adventurous asset management leadership. Good. Time to rotate a slice out of bonds in to equities, property, infrastructure, debt, venture capital etc.

And it means there continues to be a stream of well funded legacy DB schemes looking to exit and capitalise on their good fortune. The flow of PRT business is not going to dry up any time soon as some negative brokers have warned.

[geckotheglorious] 02/10/2024 11:09

II going to have given some a "panicky moment" this morning with their typo!

"UBS cuts Legal & General price target to 25 (260) pence - 'buy'"

[colonelgrim] 02/10/2024 10:52

Proves my point rather, don't you think CFB2!

[cfb2] 02/10/2024 09:55

...and 15 minutes later the intraday price drops below the opening. The market always has the last laugh.

[rongetsrich] 01/10/2024 17:28

Maybe a great buying day tomorrow. II regular free investment day tomorrow for those with cash!£

[fionascott1234] 01/10/2024 15:19

Has the strike price for the scrip dividend been announced yet?

[bbd2] 01/10/2024 15:00

“The United States has indications that Iran is preparing to imminently launch a ballistic missile attack against Israel. We are actively supporting defensive preparations to defend Israel against this attack. A direct military attack from Iran against Israel will carry severe consequences for Iran,” a senior White House official said in a statement
CNN

[killing_time] 01/10/2024 14:32

Its not a guess. Look at the oil price.

[tag57] 01/10/2024 14:25

US dockers going on strike plus Fed sounding more cautious on further IR reductions is my guess