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Tag Archives: gilts
A letter from Insight’s Jos Vermeulen on how pension surpluses can help the Government out.
My next door neighbour in Blackfriars has written to the FT. He’s close enough to Bracken House to have hand delivered it on foot! Here’s what Jos has to say I read with interest the recent article highlighting surpluses … Continue reading
Demand from long-dated gilts from pensions is drying up.
This Friday blockbuster from Daire MacFadden and Ian Smith in London, dominates the digital front page of the FT. We in pensions know why we don’t need so many long term gilts. It’s partly that the liabilities of DB schemes decrease as … Continue reading
Risk Transfer in decline as Pension Schemes find “risk” is “growth”.
The numbers predicted by Standard Life for insurers taking on DB assets and liabilities are well down on estimates at the beginning of this year. Trustees are seeing risk as growth and questioning further de-risking. There will come a time … Continue reading
Will I ever understand bonds?
The FT comment suggests that gilt rates are a political commentary from the financial markets. I learn at the start of this long weekend that we could be less likely for increases in rate rises because a man who is … Continue reading
Posted in pensions
Tagged 30 year gilts, Bonds, CDC, gilts, Patrick Heath-Lay, Pensions, Stuart Kirk
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Will insurer’s share prices recover- now gilt yields make buy-out easier?
I’m not sure I agree with Gordon Aitken here. Insurers may be more competitive with bulk annuity purchases but will DB pension schemes want to sell up, now they find themselves even more in surplus? Business Conditions are not always … Continue reading
Posted in pensions
Tagged ABI, BPA, CDC, dc, gilt prices, Gilt yields, gilts, Insurers
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Gilts back on the naughty step
Thanks to Katie Martin of the FT for this striking assessment of the state of gilts. Those readers who run schemes primarily invested in gilts will find this interesting as will many readers who watched in horror in October 2022. … Continue reading
A new contract with Government for the next generation of pensioners
I am pleased to read this excellent article by my friend Calum Kapoor in Asset Owner Exchange. This is not an old man like John Kay or Con Keating, explaining the way that pensions shape the economics of Britain, this … Continue reading
No need to moan, pensions should kick start growth in Britain, not Govt. borrowing.
I spoke at the Pension PlayPen meeting on Tuesday ab0ut how our hour long meeting with a number of senior pension professionals on it, had failed to talk once about the opportunity the Budget gave Rachel Reeves to kickstart growth. … Continue reading
What makes a New Town “good” and how do we pay for them?
This is the video of the discussion we had yesterday with Con Keating and Thomas Aubrey The slides that accompany the video can be downloaded here or read from this slide share. This blog is the last in … Continue reading
The difference between gilts and swap prices and what it can mean to your pension
I was pulled up by Con Keating in a comment on a recent article on bulk annuities. Con reprimanded me after I’d said that annuities were priced against gilts (what I was told to say when I was selling “lifestyle” … Continue reading