The Government has given its clearest indication yet that it will not bail the pension industry out ...
The Government has given its clearest indication yet that it will not bail the pension industry out of its funding requirement problems. Speaking at the NAPF conference held recently in Glasgow, Mike Williams of the UK Debt Management Office said that while the Government was planning to do its best to maintain liquidity in gilts, it would not artificially aid the market in order to help pension funds. Although net Government issuance of debt has been negative for two years, projections indicate it will need to borrow more in the coming years. Williams admitted to doubts as to whether n...
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