Where theory and practice are not always the same. Earning LIBOR on cash is easy – isn’t it?

Wednesday 16 April 2008, Staple Inn, London

18.00-19.30 – formal business
19.30-21.00 – informal drinks

Full details and booking form

Removing interest rate and inflation risks requires more than just the execution of a series of swaps. The scheme will still have an obligation to meet its commitments under the swaps and will need to consider other residual risks such as counterparty exposure.

From the perspective of both the Trustees and the advisor we will look at the various issues the stakeholders face using a case study approach

• Current market conditions will be used to illustrate some of the main points
  • The terminology of banking
  • The markets available
  • The return and risk capital implications of the available markets
  • The problem of earning the swap payments - a practical example
  • A dynamic approach - asset class use by risk/return criteria
• Implications for how advisers represent risks to Trustees
• How might these issues affect the development of the market as LDI structures mature
• Implications for actuarial modelling - a gilts plus approach versus a swaps minus approach

Who should attend?
Actuarial practitioners in the Life, Pensions, General Insurance and Finance & Investment areas, as well as all parties interested in pensions and risk hedging.

CPD
The amount of verifiable CPD hours which may be recorded is 1.5 hours of technical CPD for attending this event.