UK - Rising government debt will lead to lower returns from gilts, Insight Investment Management claims.
The fund manager believes the government will have to issue more gilts to pay for its spending in the public sector which, it believes, will subdue growth in the value of the bond market.
The top stories this week were the High Court's decision to block the £12bn annuity transfer from Prudential to Rothesay Life, and a separate court ruling that 'raises the bar' for pension rectification exercises.
Guaranteed minimum pension (GMP) equalisation has soared to the top of pension schemes' to-do lists, with 58% stating it is a priority project, research from Equiniti has revealed.
Professional Pensions is holding its defined contribution (DC) conference on 4 September.