Insurance bond market may fall £20bn - papers 19 May

The predictions of a 10% tumble in the value of the market from management consultancy Navigant Consulting comes as insurers are showing signs that sales of their bonds are falling. Ken Taylor, head of life and pensions, said the forecast - based on interviews with chief operating officers and their boards representing 60pc of the UK life and pension market - could be "conservative". "If advisers start to consider that these products are really not suitable for a majority of people, the fall could be even more," he said. "This is one of the biggest product lines for insurers - it is bad...