The pension fund industry has historically been known for adopting conservative investment policies rather than for having an advanced appetite for complex derivatives solutions. But investment bankers are increasingly targeting managers and corporate pension providers with derivatives-based solutions. The rush to service pension funds with derivatives-based solutions is neither arbitrary nor ill timed but has been staged to overlap with the introduction of new and more rigorous rules surrounding the funding and accounting treatment of derivatives, and it also coincides with a growing concern about falling pension assets and growth in future liabilities.
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