Pension rules criticised

pg16-bond-gif

Barclays Capital has likened pension funds piling into long-dated index-linked gilts to the tech bubble of 1998-2000. Its top London strategist believes the fault lies with new accounting rules that force an unreasonably inflexible discount rate on pension funds.

While the UK's Debt Management Office has gained widespread industry praise for issuing the world's first 50-year inflation-linked government bond last year, excess demand from pension funds looking for instruments to match t

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: