The 2011 KPMG LDI Survey finds that UK pension funds are choosing to spread their liability matching assets across a very small number of fund managers. The research, by KPMG’s Investment Advisory Group, highlights that this is leading to a significant concentration of providers in the LDI market. Despite this, there is still healthy competition and a burgeoning array of LDI solutions available; however KPMG warns that this could change if the number of providers declines further.
