gilts

Falling gilt yields since the summer have forced NS&I to cut its payouts on fixed income products.

Computershare, the online registrar services provider already used by listed firms and private shareholders, has won the Treasury tender to be the registrar of government debt issued as gilts.

DAVID WILLETTS MP, shadow secretary of state for work and pensions, will tonight announce Tory plans to scrap the three-quarters pension rule towards a compulsory annuity, says this morning's Daily Telegraph .

Britain's financial services industry has a £218m bill from the Financial Services Compensation Scheme to bail out victims of mis-selling and insurance company failures, says this morning's Guardian newspaper.

Mortgages could become the new asset class for annuity liabilities when the shortfall in long-term gilts becomes more apparent, suggests the Actuarial Profession.